Wednesday, November 27, 2019
Millennials in this American city are carrying the most debt
Millennials in this American city are carrying the most debtMillennials in this American city are carrying the most debtNew data from erreichbar loan marketplace LendingTree shows that San Antonio is the American city where Millennials have the most debt, with a zentralwert debt balance of $27,122 - not including mortgages.Researchers took a look at anonymized leistungspunkt report data of My LendingTree users who live in the 50 biggest metro areas in the U.S. to compile the data.They were born anywhere between the years 1981 and 1996.Click here for an interactive mapThe 10 cities where Millennials have the most debtHere they are, plus the average percentages of what highly contributes to Millennials total debt balances. Again, these dont include mortgages1) San Antonio median balance of $27,122, with car loans making up 43.2% of total debt balances2) Pittsburgh median balance of $26,403, with student debt being 45.7% of all debt3) Austin median balance of $26,164, with 18.1% of all debt being from credit cards and 37.1% being from car loans4) Houston median balance of $25,978, with 42.5% of all debt being car loans5) Jacksonville, FL median balance of $$25,947, with auto loans making up 38.5% of all debt and student debt making up 37.1% of it6) Dallas median balance of $25,939, with car loans making up an average of 39.9% of all debt7) Washington median balance of $25,810, with 46.9% of all money to be paid back being student debt8) Virginia Beach, VA median balance of $25,591, with 18.9% of all debt being from credit cards, 11.9% of all debt being from personal loans and 35.4% from student loans9) Oklahoma City median balance of $25,351, with car loans making up 39.3% of all debt10) Columbus, OH median balance of $25,129, with 48.1% of all debt being from student loansThe LendingTree senior research analyst who headed up the research commented on the data in a statementThe Millennial generation makes up the younger portion of adults, and as they build their careers, families and communities, theyre doing it encumbered by personal debt, said Kali McFadden.The 10 cities where Millennials have the least debtLets take a look at the opposite end of the spectrum- these numbers also dont include mortgages, of course41) San Diego median balance of $20,75142) Miami median balance of $20,71543) Louisville, KY median balance of $20,64344) Providence, RI median balance of $20,50545) Salt Lake City median balance of $20,41246) Detroit median balance of $19,97847) New York median balance of $19,63148) Los Angeles median balance of $19,29949) Sacramento, CA median balance of $18,69150) San Jose, CA median balance of $18,376Check out the full chartwith average percentages of what contributes to Millennials debt in every city (credit cards, student debt, car loans, personal loans and more).
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