Personal debt among Americans is on the rise, according to a recent study of consumer spending habits. Here’s how mortgage loans stack up in the overall average debt of borrowers.
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Americans Not Optimistic About Their Debts
A new study from Northwestern Mutual paints a dim view of American debt. While mortgages make up the largest share of monthly debts, credit cards and student expenses aren’t far behind. And plenty of Americans expect long-term debt in their futures.
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