Americans Are $13 Trillion In Debt: 10 Mind-Blowing Statistics Showing How Crazy That Is
If you added up the personal debt of every American – what they owe on their mortgages, credit cards, student loans, and more – the total is staggering. Collectively, we’re $13.2 trillion in the red. That’s the highest ever, according to the New York Fed.
Yet no one seems to be panicking. Maybe that’s because we can’t comprehend $13 trillion. Imagine buying every NFL team. And every NBA team. And every NHL team. And every Major League Baseball team. But that only adds up to $191 billion.
It’s hard to spend $13.2 trillion. Here are a few ways you can do it...