34.5% of the money the average American takes home is spent on interest, including credit cards and auto loans.
The median household income in the U.S. for 2020 is $67,521, down from $68,703 in 2019. When examining median household income by state, the state with the highest median household income is Maryland at $94,384. The state with the lowest median household income is Mississippi at $44,966.
The average American, based on averages from all states, will pay an estimated $130,461 over their lifetime in interest fees. This is based on mortgages, student loans, auto loans, and credit card debts in each state.