Concept Overview: Unsecured Debt in the US

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Can you pls clarify the breakdown of the ~$8T US non-securitized debt market? {for example: Consumer - Whole loans, Fractional loans, Unsecured Loans | Commercial - SMB Loans, Credit unions, Regional banks, Real estate development loans, Leveraged Loans}

After exhaustive research through all information available within public domains, we found that the biggest segment of non-securitized debt in the US consists of debt incurred from student loans, which is roughly estimated to comprise 17.9 percent. This is followed by automobile loans at 14.5 percent, credit card loans at 9.2 percent, business loans and peer-to-peer loans at 7.2 percent each, income tax at 5.5 percent, mobile phone and utility bills at 5.3 percent, medical loans at 2 percent, personal loans at 1.3 percent, and debt from short selling in the real estate industry at 1.1 percent.

LIMITATIONS AND DELIMITATIONS

Efforts to find data that directly provide a breakdown of the $8.28 trillion non-securitized debt market of the US prove that such information is largely unavailable. We have instead consulted financial industry market reports and US government statistics for information regarding every type of unsecured debt.

EXAMPLES OF UNSECURED DEBT

Debt.org is a locally-recognized team which consists of financial experts which specialize in debt. They recently published an article about the most common types of unsecured debt in the US.
STUDENT LOAN
According to an article published by Student Loan Hero, the overall student loan debt in the US reached $1.48 trillion as of 2017.
CREDIT CARD DEBT
Another article published by Student Loan Hero mentions that in 2017, the total credit card debt in the US reached $764 billion.
MEDICAL DEBT
GoBankingRates recently published their findings from a 2017 study they conducted about Debt in the US. The study found that 21 percent of the 2,500 participants across the country had medical debt. It was also mentioned that all participants had at most $500 worth of medical debt. Sources indicate that during the time the findings of GoBankingRates' study was published, the population of the US reached 325.99 million. Assuming that all these findings remain consistent for the entire population of the country, we can estimate that the medical debt of the US as of October 2017 amounted to at most $162.99 billion. (325,990,000*500=162,995,000,000)
INCOME TAX
The Business Dictionary defines the tax gap as the "difference between total amounts of taxes owed to the government versus the amount they actually receive". It may also be defined as a metric to measure how much debt the population of a country has incurred by not paying the proper income tax. An article published by the CPA Journal states that according to the most recently available estimates of the Internal Revenue Service, the tax gap currently amounts to $458 billion.

PERSONAL LOANS
According to an article published by Super Money, personal loans in the US amount to $107 billion as of 2017.
BUSINESS LOANS
A 2017 article published by US News states that according to the latest available findings, small business bank loans in the US reached at least $600 billion.

PEER TO PEER LOANS
The same article by US News also states that Peer-to-peer loans have amounted to $593 billion within the same period.
MOBILE PHONE AND UTILITY BILLS
A 2017 article by Credit Sesame states that the average mobile phone collection account balance of consumers in the US was found to be approximately $939. The article also mentions that the average utility collection account balance of consumers in the US was found to amount to around $414. Considering how sources indicate that the US population during the time the article published was 324.96 million, we can crudely estimate that the total debt incurred by Americans from mobile phone and utility bills as of 2017 amounts to $439.67 billion. [(939*324,960,000)+(414*324,960,000)=439,670,880,000]
SHORT SELLING REAL ESTATE
Sources indicate that there are 576,275 properties within the US that are currently undergoing foreclosure. It was also stated that the median sales price for foreclosed homes as of 2017 is $155,100. An article published by The Balance states that short sales, to a certain extent, may also be represented by foreclosures. With this data, we are able to crudely estimate that the debt incurred due to short selling of real estate in the US reached around $89.38 billion. (576,275*155,100=89,380,252,500)
AUTO DEBT
An article published by Quartz states that the total auto debt in the US amounted to $1.2 trillion in 2017.

TOTAL UNSECURED DEBT

Due to the scarcity of publicly available information about the segmentation of non-securitized debt in the US, Our research was only able to account for a crude estimate of $5,894,045,880,000 of the total non-securitized debt in the US out of the $8.28 trillion stated by the previous analyst.($1,480,000,000,000+$764,000,000,000+$162,995,000,000+ $458,000,000,000+$107,000,000,000+$600,000,000,000+ $593,000,000,000+$439,670,880,000+$89,380,000,000+ $1,200,000,000,000=$5,894,045,880,000)

CHARTS

As requested, we have provided you with charts to illustrate the breakdown of the unsecured debt of the US as of 2017 within an attached spreadsheet.

CONCLUSION

The biggest segment of non-securitized debt in the US consists of debt incurred from student loans followed by automobile, credit card loan, business loans and peer-to-peer loans income tax, mobile phone and utility bill, medical loan, personal loans, and debt from short selling in the real estate industry.

Sources
Sources