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Floridians are forking over this much monthly toward debt

Florida is second to California in the amount of debt paid each month
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(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
John Raoux/AP
Credit cards as seen Thursday, July 1, 2021, in Orlando, Fla. With multiple debts, it’s easy to lose track of buy now, pay later plans and potentially take on more than you can handle. As you find finances shifting toward the red, several tactics can help you free up money to pay off buy now, pay later plans. (AP Photo/John Raoux)
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Floridians are shelling out more than $1,600 a month to pay down their debt.

LendingTree analyzed over 400,000 credit reports to determine how much people pay toward their debt each month.

Floridians shelling out a lot in monthly debt

Floridians are forking over this much monthly toward debt

Floridians pay $1,683, according to the findings. The average Floridian spends $898 on debt not related to mortgage payments each month.

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Here's how the largest monthly payments break down:

  • Mortgages: $2,124
  • Auto loans: $719
  • Personal loans: $475
  • Credit cards: $273
  • Student loans: $277

The research concludes Gen X (45-60-year-olds) has the highest monthly debt payment at $2,089 a month.

Millennials (29-44-year-olds) follow with a monthly debt payment of $1,584.

Baby Boomers (58-76-year-olds) tackle $1,439 in monthly debt. Gen Z (13-28-year-olds) pays $671.

Copyright 2025 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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