American Debt Soars: Average Monthly Payments Top $1,500, Up $300 Since 2020
- Americans' average monthly debt payment is $1,583, up over $300 since 2020
- Mortgages are the largest source of debt, with average monthly payments of $1,855
- Auto loans account for the second-largest debt payments, averaging $690 per month
- Generation X carries the most debt, with average monthly payments of $1,974
- Maryland residents have the highest average monthly debt payments at $1,850