As a household, we have somewhere in the neighborhood of 200k in debt, about 70% of which is the mortgage, 15% is my wife and I’s student loans, and 15% of which is our car note.
Personally, half of the mortgage is mine and half of the car note, and only 1/3 of the student loans.
I called is 1-1000, since there is always something on the CC (by due date, usually more than 1000), but we pay our CC bills on their Due Date and have no other debts (yay for finishing with the mortgage last year! :))
The only debt I have currently is my mortgage. I pay off my credit card every month.
We’re at about $180k, entirely mortgage.
Because the question doesn’t produce a useful answer out of context. It’s like asking “How far do you travel every day?” and not taking into account whether people walk or ride a bike or take the bus or drive a car.
Treating all debt the same is odd.
I’m close to $240k, all student loans from med school. Definitely not the career to go into if you just want to make money.
I think there is a useful distinction between long-term debt (mortgage, car loan, etc.) that will be paid off over more than a year and short-term debt that will be paid off within the month or the year, such as those who use credit cards but pay off the bill as soon as it arrives.
About 170 K Euro (200 K US dollar) all in mortgage. My husband has about 9 K student loan left to pay off.
Most Dutch homeowners have such a mortgage and pay it off on about 20-30 years.
We have no credit debt or consumers debt.
Should have the mortgage paid off this year. That’s it.