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How
'Average' Are You?
Most of us tend
to think of ourselves as an "average citizen." But how
"average" are we in terms of finances? Take a look at
these statistics*. How do they compare to your circumstances?
The Average Household
o Mortgage balance = $69,277
o Mortgage payment = $669 per month
o Car loan balance = $23,065
o Car loan payment = $412 per month
o Credit card balance = $8,367
The average American spends a little more than 14% of his/her after-tax
income on credit card and other debt.
The Average...
o net worth of a renter = $4,200
o net worth of a homeowner = $132,000
o cost of a wedding = $20,000
o credit card late fee = $30.00
o credit card rate = 14%
*Rounded figures. As reported by Bottom line Personal 9/1/03.
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