this post was submitted on 20 Sep 2025
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Average US household debt is $105k.
That's an absurd metric to cite as negative. You're either dishonest or don't understand what you're saying.
If the average person in the US only has 105k in debt, including their mortgage, that's a fine situation to be in financially. You're essentially saying that someone with at least 100k, more likely 350k+ in equity, and the ability to live off that equity for a year or two in cases of extreme financial stress.
That aside, 4/5ths of that debt is the home. The average person here only has 20k in debt, including their vehicle which is the majority of it.
Again debt is going up, that should be monitored and kept low, but that number ain't the cataclysmic burn you think it is. Owning most your home and having a new car payment isn't scrapping by week to week.
Over 30% of Americans have negative net worth (more debt than equity).
Some recent surveys show 67% are living paycheck to paycheck ( https://www.newsweek.com/2025-rise-americans-living-paycheck-2128753 ).
Yeah, it's worse than you think it is.
That doesn't exclude the existence of 10% having a family income over 300k a year. 20% making 250k a year.
Yes, wealth disparity is not something to celebrate
Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt.