ALMOST 18 TRILLION DOLLARS! 8 OUT OF 10 CONSUMERS!
Don’t worry about finding people you can help! These numbers may shock you.
.(must live in USA)
In the third quarter of 2023, the total consumer debt in the United States was $17.29 trillion. This includes all types of consumer debt, such as mortgages, credit card debt, student loans, auto loans, and other types of loans.
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Mortgage debt accounted for the largest share of consumer debt, with a total of $12.14 trillion . Mortgages are loans taken out to purchase a property, and the borrower agrees to repay the loan over a set period of time, usually 15 or 30 years, with interest.
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Credit card debt was the second-largest category of consumer debt, with a total of $1.08 trillion . Credit card debt is the amount of money owed to a credit card company for purchases made with a credit card. The borrower must repay the debt with interest.
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Student loan debt was the third-largest category of consumer debt, with a total of $1.6 trillion . Student loans are used to finance higher education. They can be issued by the government or private lenders and must be repaid with interest.
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Auto loan debt was the fourth-largest category of consumer debt, with a total of $1.6 trillion . Auto loans are used to finance the purchase of a vehicle. They can be secured or unsecured and must be repaid with interest . The average car payment for new vehicles was a record-high $725 in the first quarter of 2023, an 11.5% increase from the first quarter of 2022 . What about trucking companies and loans for the trucks?
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What I did not breakdown is medical student loans. My sponsor focuses on doctors and helping them payoff their loans IN HALF OR ONE THIRD TIME.
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Approximately 73% of medical school graduates have education-related debt after graduation. The median medical school debt among graduates with medical school loans was $200,000.
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Approximately 90% of law school graduates have education-related debt after graduation, with an average law school debt of around $108,000 and a total amount of debt of $130,000.
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In conclusion, the total consumer debt in the United States in 2023 is $17.29 trillion, with mortgage debt accounting for the largest share of the debt. Credit card debt, student loan debt, and auto loan debt were the other major categories of consumer debt.
Approximately 80% of Americans have some form of consumer debt, and the average debt in America is $38,000 not including mortgage debt.
This means 8 out of 10 people have debt. When you are in a room, only 2 people out of 10 do NOT have any type of debt with interest. Those numbers are high and do you think you could help a few people? People are depressed, stressed and embarrassed in debt. Ask me how I know!
Here is our company site for the consumers in debt:
https://www.moneymaxaccount.com/blt
Here is the agent site for the you to start helping people:
https://www.uffopportunity.com/blt
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Get started with me today and I will tell you about the back office and all the training, articles, materials and CRM! Can you imagine emailing your prospect an article from the back office!
Talk to you soon!
