Quick poll time. How old are you and how much debt do you have? Credit cards, student loans, vehicle loans, mortgage loans, etc., etc.?

I'm 31
$8k in debt (All credit card. No mortgage currently, but looking to buy. Car and student loans are paid off.)

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24, $0 debt (excluding CC balance which I autopay monthly). Very thankful

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36
Paid off student loans awhile back, had $20K in medical debt that I just finished paying off earlier this year; just bought a new car this week so now at $25K on the loan but planning to pay that off in the next year.

No credit card debt and renting since I’ll never be able to afford to buy (and not sure I want to either tbh).

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30 yrs old
• 0 student debt
• Auto Loan: $15,700 @ 2.79% - can pay it off but the interest is so low there is no need to rush
• Home Loan: $526,730 @ 2.6%
• Revolving CC Debt: Paid in full every statement so no interest paid but usually about $2-3k per statement

Life is good 🤷🏻‍♂️

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Thanks brotha! I probably sacrificed too much of my social life in my early 20s post grad cause I was so focused on paying off my student debt haha

29. No debt but for like $3k left on my car that it’s not worth paying off early because it’s like a 2% rate. Saving for home but not dying to buy in this market.

I guess technically I always have outstanding “debt” on credit cards but that’s all paid off every statement.

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39, ~$650 K left on Mortgage @ 2.5%. Nothing else but this is more than enough to make me work until 65.

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27, no student loans, no mortgage, roughly 15k in CC’s from a tough year floating on plastic. We’ll have it paid off by 2Q and will resume full monthly pay-downs on cards. Hate carrying card debt.

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CC’s aren’t the problem, personal restraint and lack of intentional spending often is. CC’s are an amazing and beneficial spending tool when used responsibly and prudently, and can in extreme cases provide personal bridges. Recommend setting your card to auto pay full amounts monthly and spending as if it were cash, because eventually it is.

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37 - zero student loans, zero credit card debt (use em and pay em off every month), zero vehicle loans, $475k mortgage at 2.75%

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You’ll get there!

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36, just a mortgage, about 350k left on it.

Like others have said, I guess I have credit card “debt,” but I pay it off monthly, which feels like it doesn’t count.

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28: 150k in student loans, 11k on a leased car (not going to buy it at the end, but needed a car). I have credit card debt that I am paying off monthly.

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23. No student loans, have about $13k on car loan left to be paid off.

Like others, all credit card balances are paid off completely every month so not considered “debt.”

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28 - 18k on car loan. Thats it. No student loans or credit card debt. Still rent though

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24, $3,500 on a car loan used to build my credit. Nothing else. Grateful for the privilege of not having student debt

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28: about $60K in debt (student loans and car)

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29: About $255k on my mortgage. Use CC but pay it off each month so no carry over debt there. No student loans and just recently paid off the car.

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30 -
12k student loans, on pause, hopefully about to be wiped 🤞
No credit card debt
No mortgage (or home ownership 😭)
No other debt

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29
$0 credit card
$100k in student loan debt (undergrad and grad)
~$300k left on mortgage (my half, split with fiancé)

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True but we split payments every month and don’t expect anything to change while we pay it off. Both of us are able to make the full payment should something happen.

37. $32k all student loans. All credit cards paid off monthly. $480k on mortgage

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28. No mortgage, student loans or cc debt (paid off in full every month)

Only thing is ~$30k auto loan at 2% interest. I could have paid it off, but decided to put the funds in ibonds, which used to have a 9% interest rate and are at 6% now. I plan to keep the $$ there until the rates drop close to or below the auto loan interest

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35. $60k in student loans $18k in credit card debt. I had less when I was younger because I didn’t believe in credit cards. I got a bunch to rebuild my credit to get into my apartment lol that was dumb

26 5k student loans, 700k mortgage, 30k car. Homes a duplex though so it pays 75%

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