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.
Hereâs where Americansâ debt levels stand at year end, and a look ahead, based on new studies and forecasts from TransUnion and NerdWallet. Credit cards. Household credit card debt, at $747 billion in 2016's third quarter, remains below where it was at the start of the Great Recession. In December 2007, Americans had $839 billion in credit card debt. NerdWallet projects that the tally may surpass that to reach $842 billion by 2019, based on data from the Federal Reserve Bank of New York.