April 11, 2026
Sticking to a disciplined budget and improving financial literacy are ways to help bolster debt management.
When it comes to debt management, Black Americans view that strategic approach differently than other groups.
Consider Blacks carry higher auto loan debt ($20,000 versus $18,000), medical bills ($6,100 compared to $5,600), and buy now, pay later debt ($1,345 against $1,221). Roughly 28% of Blacks possess student loans in contrast to 19% of all Americans.
The data was furnished…