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 (EMAILWIRE.COM, June 26, 2013 ) San Antonio, TX -- A new infographic was recently launched on debt consolidation for U.S. consumers. This is courtesy of DebtConsolidation.com, which has helped countless individuals and family secure financial freedom and independence. With timely statistics and figures, this informative piece is simply vital for anyone that is burdened with overwhelming debt.
According to SB Wire, U.S. citizens have amassed over $11.38 trillion in consumer debt. This figure is based on 2012, and is certainly mind blowing in every capacity. Based on the infographic, consumer debts result from outstanding expenditures that simply exceed consumersÂ’ income. There are also two main types of consumer debt that stimulate economic growth. This includes revolving debt (credit cards) versus non-revolving debt (mortgages and auto loans).
According to the U.S. Census Bureau, Americans owed a combined total of $1.944 trillion in school, auto, and furniture loans. The U.S. consumer debt profile is also as follows:
Average Household Debt - $54,000
Average Mortgage Debt - $147,967
Average Credit Card Debt - $15,162
Average Student Loan Debt - $33,445
In total, American consumers owe $7.88 trillion in residential mortgages. They also owe $914 billion in federally financed or private student loans, along with $846.2 billion in credit card debt. According to the infographic, the median amount of household debt increased from $50,971 to $70,000. This was during 2010-2011, and its findings are courtesy of the U.S. Census Bureau.
As of May 2013, 14.7% of American families have debt that exceeds 40% of their income. The average credit card debt carried by U.S. undergraduate students is also $3,173. Based on the infographic, 1 in every 5 U.S. families has at least a single member that is indebted to banks.
About Debt Consolidation USA:
If you are drowning in excessive debt, financial relief is available. Simply visit DebtConsolidation.com today for more information. They offer a range of viable options and choices that can get you and your loved ones out of debt forever!
Debt Consolidation USA
Customer Service
1(877) 610-6990
news@postpressrelease.com 
Source: EmailWire.com
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