In the 2019 Survey of Consumer Finances, the average household reported $8,665.03 in education debt. The median household reported $0 in student loans. Only 21.4% of households reported carrying any student debt at all. But – the SCF doesn't give us a full snapshot of the data. While very useful for seeing the household distribution […]

In 2019, the average American household held $75,968.96 in mortgage debt, home equity loans, and HELOCs with balances secured by their primary residence. The median household held $0 – although the homeownership rate is well over 60%. The average household also held $9,562.92 in debt secured by other residential property – think second and vacation […]

The average American household carried a $2,846.81 credit card balance in 2019. That debt was concentrated in only a few households, however – the median household carried no balance cycle to cycle, while the top 10% of households had $8,500 in credit card debt. 54.6% of households held no credit card debt balance from month to month. In this […]

Happy New Year!  🎉 And it feels particularly sweet to say that – though the beginning of 2021 looks a lot like the end of 2020. It's great to close the books on a devastating year, though; the world saw something like 84 million confirmed COVID cases and 1.8 million deaths. Among them – my grandmother. […]

Bitcoin returned 307.83% in 2020, not including any transaction fees. After midnight (in the morning) on January 1, 2020, bitcoin's first trade was at $7,205.55 a coin. And the closing trade on December 31, 2020, before midnight was for $29,374.15 a coin. The 2020 Bitcoin Return: Speculation, and Greater Acceptance 307.8% is an eye popping […]