The average car payment in America is $732 a month for new cars and $532 a month for used cars (Nerdwallet.com). Nationwide, Americans spend an average of $429.33 per month on utilities. California has the highest average monthly water bill at $77. Wisconsin and Vermont are tied for the lowest monthly water bills at $18 (Forbes.com). Therefore, if you are also carrying a big credit card debt then financial pressure is weighing more heavily on you.

Source: Forbes June 07, 2024 17:15 UTC