Americans have less personal debt than they did before the pandemic, according to data showing the average adult owes a little under $22,000.
Research from financial services company Northwestern Mutual found that excluding mortgages, the average personal debt per individual sat at $21,800 in 2023, significantly lower than the $29,800 recorded in 2019.
At the same time, Americans have wildly different experiences with their debt: While more than a third of Americans said theyre carrying their highest level of debt ever, an even greater share…
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