This was the 58-gun frigate HMS President, berthed at the West India Docks and training ship of the local Royal Naval Reserve. They were joined in 1872 by the Royal Naval Artillery Volunteers. This ship was named Old President on 25 March 1903, and was sold for scrapping on 7 July 1903.
Average Household Debt Tops $90,000. A recent study shows that the average U.S. household debt has now passed the $90,000 mark, which includes household that are debt free. The 2015 American Household Credit Card Debt Study also showed that the average household with debt owes $130,000. Mortgage debt, with each household having an average mortgage of $168,614.
According to Gallup, the average credit card debt was $3,848 in 2008, though it was $3,426 in 2006 â lower than 2014. A larger share of adults reported not having any credit cards or balances they didnât pay in full that year, so perhaps Americans have become less reliant on credit.