0 sats \ 5 replies \ @kr 10 Mar \ on: Americans spent >$1.1tn on interest payments alone last quarter. charts
interesting, what is the non-mortgage component made up of?
reply
reply
The mortgage debt load (in absolute terms) is also increasing. Non-mortgage debt tends to have higher rates.
reply
Many with a mortgage in US are still paying 3% rates on a loan they got 5+ years ago for a 30-year term.
Many with credit card debt are paying 28% interest on a loan they built up in the last 5 years.
I imagine student loans are a big portion of "Other" in this chart.
reply