[Answer] What type of consumer debt is the largest in the United States?

Step 1 : Introduction to the question "What type of consumer debt is the largest in the United States?"

...1. Student loan 2. Credit card 3. Mortgage 4. Auto loan

Step 2 : Answer to the question "What type of consumer debt is the largest in the United States?"

Mortgage - While student loan debt might be making the rounds on the news as of late, at $1.49 trillion owed, it ranks “only” second in most consumer debt in the United States. In actuality, at a whopping $9.24 trillion owed, mortgage debt remains the highest consumer debt in the country. If you were to break this number down per average household, then the average American household would owe $185,591 on their mortgage. Though that number sounds high, when you take into account that the median home listing price in the U.S. is nearly $226,800 and continuing to rise, owning a home might be the best investment you will ever make with your own or someone else’s borrowed money.:

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