1. (n.) The act of vindicating, or the state of being vindicated; defense; justification against denial or censure; as, the vindication of opinions; his vindication is complete. 1  2. (n.) The claiming a thing as one's own; the asserting of a right or title in, or to, a thing.
Almost identical to the size of the average student debt: $27,000. Over 10 years, a typical term for a student loan, the average debt of $28,200 will require a monthly payment of $284 a month at the current federal loan rate of 3.86% According to Experian, the average new car loan today has a monthly payment of $471. Getting into college is hard enough.
Total Debt. The average American has a total debt of $36,714.69. For a family of two it would be $73,429.38. Mortgage Debt. The average American has mortgage debt of $26,434.58 ($52,869.15 per family). This is a good example of the problems that occur when dividing by the total population and using averages is tricky. Approximately 68% of people in America own homes (or have titles to homes that they pay mortgages on).