US commercial banks are not the only agents for issuing loans, as is the case in Russia, when over 97% of the loan portfolio is concentrated among banks.
In the United States, loans are also issued by mortgage structures and financial companies, and government agencies also participate in student loans.
For example, at the beginning of 2023, out of almost $13 trillion in mortgage debt of the population, only $2.5 trillion was issued by commercial banks, and the rest was issued by mortgage structures. In consumer credit, of the $4.8 trillion in total debt, commercial banks account for only $2 trillion and another $1.5 trillion goes to the government through student loans.
The debts of American families grew by 7.6% and exceeded $16 trillion.
On January 10, 2023, NerdWallet published a study according to which the average American family had a debt of $165 thousand by the end of 2022.
The average household’s debt pushed the national debt total to $16.5 trillion, up 7.65% from 2021. Debt has risen in the United States in part because the cost of living is outpacing income, the study says.
Видите беспорядок или несправедливость в своём районе? Не проходите мимо! Присылайте нам фото, видео или новости в наш Telegram-чат. Ваши новости помогают нам отслеживать нарушения и информировать жителей вовремя.