NextPrevious

Saving, Managing Debt, and Budgeting

Managing Debt

What is the average percentage of a typical American’s gross income that is used for mortgage and consumer debt payments each month?

According to the Federal Reserve, Americans spend about 11.89% of their monthly gross income on mortgage and consumer debt payments. Homeowners (those who specifically purchased homes with mortgages) spend about 15.27% of their monthly gross income.

Close

This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App