Americans Are Paying Record Amounts On Car Loans and Student Debt. For Some, it's More Than $1,000 a Month.

Source: International Business Times

New data shows that car payments and student loan debt can represent expenses of over $1,000 a month for some Americans. Getty Images Americans are paying record amounts on car loans, with average monthly obligations reaching $716. Student debt is adding another financial burden for millions of borrowers already struggling to cover everyday expenses, new data shows.