American consumers will be crippled by $105,000 in debt on average in 2025. But can debt relief programs really help?
Americans continue to struggle under the weight of overwhelming debt. Consumers owed an average of $104,755 by mid-2025, slightly less than $105,580 a year earlier, according to the credit bureau Experian. (1) But debt burden varies markedly by age. Here’s the breakdown of the average balance by generation and the change since 2024: Generation Z:…