Personal Finance
The 35 to 39 year olds have an average of $40,000 in personal loans
By Investment Moats  •  May 15, 2016
I do not have to buy my credit report, which you can purchase from the Credit Bureau to assess your level of indebtedness and quality as a borrower. Yet I am curious how much debt the folks in my age group have. My age group are those that are around 35 to 39 years old. They are the folks in the peak of their human capital. It would seem despite that, they do take on a lot of loans:
  1. Credit Card Debt: $5384
  2. Personal Loan: $40674
  3. Motor Vehicles Loan: $34606
  4. Home Loans: $306079
Here are the break down of these categories: We can see the majority of the people are starting to clear their home loans. But I cannot explain the high personal loan rate at a period where we should have our emergency funds or saving towards our goals. So why such a high personal loan?...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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