Non-mortgage debt declined by 10.6 percent from 2023 to 2024, according to a recent LendingTree analysis.

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Americans' debt is dropping: Report

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Despite continuing concerns about inflation and high interest rates, Americans’ debt is actually dropping year-over-year, according to a LendingTree report. LendingTree’s report, which was published earlier this month, found that non-mortgage debt declined by 10.6 percent from 2023 to 2024. That took it from $40,470 to $36,167 across all 50 U.S. states. “Given the overall sentiment on the economy, it’s no surprise that Americans are cutting back…

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Americans' debt is dropping: Report

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