2006-11-26 10:04:23 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I have read it is around $8,000.oo for credit cards alone !!!
Just from what I know of people around me... they seem to be in about $150,000 and up with home mortgages and other stuff!
GOOD GAWD I couldn't imagine having that !! I wouldn't be able to sleep at night...
aaaaaaaaaaaaaaaaaaaaaaaaaagh life is good !!
2006-11-26 13:00:00 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
"Average" really does not tell you anything. If you compare those with debt and include those with assets and no debt, you will end up with average wealth, meaning the average American has more assets than debts.
If you compared only those in debt, do you want to count those with home mortgages? If so, you will get a skewed figure. Consider how many people have mortgages over $500,000. Then add in people with $1,000 or less in credit card debt and you come up with a non-representative number.
2006-11-26 10:10:36 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
Peronally about $20,000 each, but average is decieving.
2006-11-26 10:14:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋