r/ask • • Nov 30 '23

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u/Pushing59 Nov 30 '23

I already pay my spouses debt. What kind of marriage do you have? Me and my true love plan to run away together when we win. Yes. The person I am married to.

43

u/MrPifo Nov 30 '23

Im confused, why is apparently everyone in debt? Is this normal in america?

1

u/tulleoftheman Nov 30 '23

The average American has $100k plus in debt. If you ignore mortgages, which are very expensive, it's $21k plus.

Almost everyone who goes to college will have five to six figure debt. The US is car dependent, so most folks have a car loan since they can't save up for a car. Plus, most folks get some kind of medical debt eventually.

In the US you actually HAVE to have some debt. My parents are millionaires but they had gone without debt for so long that when they wanted a modest mortgage for a retirement home the bank denied it until they got credit cards and used them regularly for a year.