What is the average savings/debt of Americans?

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  • buddyjuf
    • Jun 2026
    #1

    What is the average savings/debt of Americans?

    If the average american died today, how mch would he leave behind? (as assets or debt)

    my friend says 50k, I think this number is rediculously high, as I remember reading that the average american is in debt.

    so what is the magic number?

    thanx
    Tags: None
    • detoxed
      vip member
      • Jan 2003
      • 17798
      #2
      who cares? dont be average

        Comment

        • theking
          Nice Kitty
          • Sep 2002
          • 21053
          #3
          Originally posted by bdjuf
          If the average american died today, how mch would he leave behind? (as assets or debt)

          my friend says 50k, I think this number is rediculously high, as I remember reading that the average american is in debt.

          so what is the magic number?

          thanx
          The majic number is the age at death. The death of an elderly person would usually have a worth of several hundreds of thousands.
          When you're running down my country hoss...you're walking on the fighting side of me!

          FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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            • WiredGuy
              Pounding Googlebot
              • Aug 2002
              • 34512
              #4
              Most people live paycheck to paycheck, between mortgages, paying for school, raising children, taxes, car payments, etc. etc... Its tough to build a substancial savings.
              WG
              I play with Google.

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                • theking
                  Nice Kitty
                  • Sep 2002
                  • 21053
                  #5
                  Originally posted by WiredGuy
                  Most people live paycheck to paycheck, between mortgages, paying for school, raising children, taxes, car payments, etc. etc... Its tough to build a substancial savings.
                  WG
                  Most people have disposable monies and they dispose themselves of it foolishly instead of managing their finances wisely.
                  When you're running down my country hoss...you're walking on the fighting side of me!

                  FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

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                    • chowda
                      Confirmed User
                      • Jun 2003
                      • 9527
                      #6
                      it very tough, u have different types of insurance, "savings", mortgages, taxes...
                      and not to mention spending habits
                      Someone finds you...
                      2007

                      PS: Nationalnet is the best host I've ever had. And i tried alot of them.

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                        • azguy
                          Confirmed User
                          • Nov 2004
                          • 5167
                          #7
                          $8K average debt per american household

                          EDIT: I think it's only credit card debt, source: http://moneycentral.msn.com/content/...ebt/P95340.asp
                          Last edited by azguy; 11-08-2005, 08:15 PM.

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                            • Penthouse_mike
                              Confirmed User
                              • Jun 2003
                              • 317
                              #8
                              America has one of the highest home ownership rates (~68%), so debt- in the form of mortages- is high but misleadingly so since there are more likely to be oft-setting assets (home equity)

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                                • Lionheart
                                  Confirmed User
                                  • Mar 2004
                                  • 115
                                  #9
                                  Negative 3% according to research...

                                  Its going to be interesting to see what happens to the US (and Canada) when Asia says "Enough already of a continuing devaluation of the US Dollar" causing them to SELL the 2 TRILLION DOLLARS they own in worthless fiat dollars..........

                                  Sending the bond market into a tailspin and mortage rates up to 14.5%.

                                  Vive le gold......(and gold stocks - yay Numont :-) )
                                  Last edited by Lionheart; 11-08-2005, 09:44 PM.
                                  richard - ICQ 61585515
                                  Cybersex Entertainment
                                  70Products - $500.00

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                                    • Dagwolf
                                      President of Canada
                                      • Sep 2003
                                      • 23141
                                      #10
                                      Sleep well, and dream of large women.

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                                        • Sosa
                                          In Tushy Land
                                          • Oct 2002
                                          • 40149
                                          #11
                                          most people do live paycheck to paycheck. Myself right now I've been in a good savings mood so I have a good amount saved up. Most of that is going on a downpayment for the new house hopefully soon.

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                                            • TheDoc
                                              Too lazy to set a custom title
                                              • Jul 2001
                                              • 13827
                                              #12
                                              I read some where that said in the US when a child is born they are born with 22k dept...
                                              ~TheDoc - ICQ7765825
                                              It's all disambiguation

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                                                • polish_aristocrat
                                                  Too lazy to set a custom title
                                                  • Jul 2002
                                                  • 40377
                                                  #13
                                                  bump.........
                                                  I don't use ICQ anymore.

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                                                    • marketsmart
                                                      HOMICIDAL TROLL KILLER
                                                      • Dec 2004
                                                      • 20419
                                                      #14
                                                      Originally posted by azguy
                                                      $8K average debt per american household

                                                      EDIT: I think it's only credit card debt, source: http://moneycentral.msn.com/content/...ebt/P95340.asp
                                                      dammmm, thats alot!...

                                                        Comment

                                                        • luvlyn
                                                          Confirmed User
                                                          • Oct 2006
                                                          • 498
                                                          #15
                                                          how about how much you enjoy your life, whether you have alot or not?! ^_^ \/
                                                          SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.

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