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Americans are $13 trillion in debt: 10 mind-blowing statistics showing how crazy that is

Money Talks News Logo By Debt.com of Money Talks News | Slide 1 of 11: If you added up the personal debt of every American – what they owe on their mortgages, credit cards, student loans, and more – the total is staggering. Collectively, we’re $13.2 trillion in the red. That’s the highest ever, according to the New York Fed.Yet no one seems to be panicking. Maybe that’s because we can’t comprehend $13 trillion. Imagine buying every NFL team. And every NBA team. And every NHL team. And every Major League Baseball team. But that only adds up to $191 billion.It’s hard to spend $13.2 trillion. Here are a few ways you can do it...

Americans are $13 trillion in debt

If you added up the personal debt of all Americans – what they owe on their mortgages, credit cards, student loans, and more – the total is staggering. Collectively, we’re $13.2 trillion in the red. That’s the highest ever, according to the New York Fed.

Yet no one seems to be panicking. Maybe that’s because we can’t comprehend $13 trillion. Imagine buying every NFL team. And every NBA team. And every NHL team. And every Major League Baseball team. But that only adds up to $191 billion.

It’s hard to spend $13.2 trillion. Here are a few ways you can do it.

© Illustration by Ivan Benavides / Debt.com

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