BUSINESSWAFB BATON ROUGE
Americans owe $1.40 for every dollar earned, new analysis finds
The average American earns $45,000 annually but carries $63,000 in debt, with $1.40 owed for every dollar earned. A ConsumerAffairs analysis highlights widespread financial strain, including high delinquency rates in Louisiana (mortgage), Nevada (credit card), and Mississippi (overall payments).
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