In the U.S. it’s more common than not to carry a boatload of debt. As of the third quarter of 2024, Americans owed $17.57 trillion in total debt — up 2.4% year over year, according to Experian data. Even spread over hundreds of millions of people, it’s a lot of debt: $58,215.12 for the average household, according to a new study by QuickLoan Pte Ltd.
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