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Benzinga
Benzinga
Business
Madison Troyer

'It's A Reality Of Where We Are,' 71% Of Adults Say Debt Is Keeping Them From Building Wealth

Tackle Consumer Debts First

Consumer debt has been steadily growing over the last decade, and now an overwhelming majority of Americans say that their debt is keeping them from meeting their personal financial goals.

Total U.S. household debt hit $18.39 trillion in Q2, according to the Federal Reserve Bank of New York. Housing debt was the driving force behind the growth, up $131 billion from Q1, but non-housing debt, which includes things like auto loans and credit cards, also grew by more than $51 billion.

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