Debt, American Style

American consumer debt…what does it look like?

The Wall Street Journal recently ran an interesting article titled 12 Debt Myths That Trip Up Consumers. While I intend to cover a couple of those myths in separate blog posts, the article included an infographic summarizing the nature of consumer debt in America. Definitely worth sharing.  Note that consumers hold significantly more student debt than credit card debt.

(Click to view more clearly).

WSJ debt infographic

About Kevin O'Reilly, CFP®

Kevin O'Reilly, CFP®, is a financial advisor who specializes in working with parents of twins and triplets. Have a financial question? Ask Kevin!

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One Response to Debt, American Style

  1. Suzanne March 25, 2013 at 11:58 am #

    Kevin, it sounds like student loan debt is the next crisis this country will face. Very scary indeed.
    Looking forward to future posts.
    Suzanne