The Average American Passes Away Over $60K in the Red

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The Average American Passes Away Over $60K in the Red

Mar, 23rd 2017

You’re probably going to die with some debt to your name. Most people do.

In fact, 73% of consumers had outstanding debt when they were reported as dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of $61,554, including mortgage debt. Without home loans, the average balance was $12,875.

The data is based on Experian’s FileOne database, which includes 220 million consumers. (There are about 242 million adults in the U.S., according to 2015 estimates from the Census Bureau.) To determine the average...

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