Americans’ Debt Declining, but Still Concerning: Northwestern Mutual

September 25, 2019 by Jeff Berman

U.S. consumer debt levels have improved a bit from 2018, but the numbers remain deeply concerning, according to Northwestern Mutual.

U.S. adults 18 and older reported having an average of $29,800 in personal debt aside from mortgages, according to the latest findings from the firm’s 2019 Planning & Progress Study, based on an online survey conducted for it by Harris Feb. 20-March 5. The study also found that 15% of Americans believed they would be in debt until the day they died.

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Originally Posted at ThinkAdvisor on September 18, 2019 by Jeff Berman.