Actually, most already are.
According to December 2016 data from credit bureau Experian provided to credit.com, 73% of American consumers had outstanding debt when they were reported as dead. Those consumers carried an average total balance of $61,554, including mortgage debt.Without home loans, the average balance was $12,875.
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5 comments:
That's it? Considering housing and car prices are through the roof, this seems like a low number.
Most Americans are terrible at spending wisely and saving.
Due to the government wanting the average person to be a slave, most Americans have nothing left to save after food, health insurance, car and home insurance, electric bill, clothing and other basic necessities, etc.
Why not die in debt. Who are they going to collect from when you have nothing
It is an average.
Don't worry the financiers (bankers) will find a way to keep it growing.
Scumbags.
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