Surviving Financial Crises

Getting Out of Debt

What is the average percentage of typical Americans’ gross income 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 with mortgages) spend about 15.27% of their gross income on monthly payments for their loans and credit card debt.


This is a web preview of the "The Handy Personal Finance 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