Average American Household Debt Estimated To Be $90K

Geo Beats 2016-05-13

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The average American household is over $90,000 in debt. Limited to debtors, the average rises to a staggering $130,922--with $15,762 of that from credit cards alone--according to figures published by the consumer finance website NerdWallet.


The average American household is over $90,000 in debt, reports TIME.  
Limited to debtors, the average rises to a staggering $130,922--with $15,762 of that from credit cards alone--according to figures published by the consumer finance website NerdWallet. 
Such debt also includes student loans, auto loans and mortgages. 
So, why do Americans have so much debt?
The largest single contributor seems to be
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