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.

The mortgage debt load (in absolute terms) is also increasing. Non-mortgage debt tends to have higher rates.

![1000000248.jpg](https://m.stacker.news/19919)

[Source](https://www.fool.com/the-ascent/research/average-household-debt/)

nullcount

i guess, but quite strange to see how much the debt load has shifted away from mortgages recently.

charts_and_numbers

Americans spent >$1.1tn on interest payments alone last quarter. 

tomlaies

i guess, but quite strange to see how much the debt load has shifted away from mortgages recently.

any good theories as to why?