Lots of numbers here. No real information.
So how much is the average debt per family?
Average debt per family is a more useful metric.
I love comparing my situation to the "average", whether it be debt, retirement savings, or income.
Always well up in the 90th percentile of each group. That's how I know I'm doing pretty well.
I'm really concerned with what will happen when all the Baby Boomers retire. Most of them have under $200K in retirement savings and Social Security alone is not going to cut it for most of these folks.
I see a big tax grab for those who did manage their finances properly. The Fable of the Ant and the Grasshopper comes to mind.
128 million households in the US. I agree the information was pretty much useless.