Statistics About The Average Age To Be Debt-Free

Statistic 1

"Millennials anticipate being debt-free by age 48."

Statistic 2

"The average age to clear medical debt is 47."

Statistic 3

"Individuals without a college degree are debt-free by age 57 on average."

Statistic 4

"The average age to be free from small business debt is 51."

Statistic 5

"Home equity loans are typically paid off by age 53."

Statistic 6

"85% of Americans expect to be debt-free by age 60."

Statistic 7

"The average American becomes debt-free at age 53."

Statistic 8

"50% of Americans struggle with consumer debt until age 50."

Statistic 9

"Gen Z expects to be debt-free by age 45."

Statistic 10

"Personal loans are typically paid off by age 44."

Statistic 11

"The average age to pay off a mortgage is 41."

Statistic 12

"The average credit card debt is fully paid off by age 46."

Statistic 13

"30% of retirees still have some form of debt."

Statistic 14

"High-income earners are debt-free by age 42 on average."

Statistic 15

"75% of individuals still paying off student loans at age 30."

Statistic 16

"The median age to be debt-free with a professional job is 49."

Statistic 17

"The average age to pay off a car loan is 36."

Statistic 18

"60% of baby boomers are debt-free by retirement."

Statistic 19

"Debt consolidation loan borrowers clear debts by age 43."

Statistic 20

"Couples generally become debt-free by age 50."