Every american family has a debt on credit cards around 8 thousand dollars
According to the U.S. Federal Reserve over 40% of American families spend more money than earned. On average, each American spends 1.2 U.S. dollars for each dollar earned.
Approximately 63% of the borrowing is the so-called "non-negotiable duty", for example, associated with buying a car on credit. As for revolving debt - an up and paid the loan mainly on credit cards - an increase that figure has been swift: Five years ago he was a third less, a decade ago - in half.
To date, in the wallet from the U.S., on average, there are 2.7 bank credit cards, 3.8 retail credit cards \ retail credit card (allows you to borrow cash loans from larger stores) and 1.1 debit cards (allows you to spend actually available at Banking schete funds) - only 7.6 cards per capita. Approximately 18% of total purchases, which commits an American, he exercises using credit cards. At the other types of plastic cards accounted for 24% of acquisitions.
However, the ease of buying something on credit becomes a "Trojan horse" - a monthly credit accounts are often more than the Americans can afford. The average American family has 8 thousand dollars of debt on a credit card.
Lion's share of this huge amount of debt associated with buying a home. Low interest rates (often below 6% per annum) for a mortgage loan installment to 30 years in a long time, especially the last decade, have stimulated the growth of debt on housing loans. According to the American Housing Survey, in 2001, the average debt of one American family for housing loans stood at 69 227 dollars. Only 2% of homes in the United States fully redeemed owners. However, this does not prevent the Americans to resell their homes, which paid no more than 90% of the loan.
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