Here's how much the typical American pays in debt each month
www.cbsnews.com
The average amount of debt people pay on their mortgages, credit cards and other loans has jumped sharply since 2020, study finds.
  • brygphilomena@lemmy.world
    1·
    5 months ago

    And that doesn’t include the other monthly costs. Property tax is semiannual but if you have an escrow account it’s paid monthly. And property insurance is pricey. If you don’t put enough down, you’ll have mortgage insurance too. A $2100 mortgage is fine, but it’s more like $2800 when the other monthly costs are included