To put some perspective on things, a trillion seconds is roughly 31,710 years. The Fed indicates that household housing debt is about $8.8 trillion and non-housing debt is about $3.3 trillion. Of the non-housing portion, student loans are $1.2 trillion, auto loans are $1 trillion, credit cards are $0.7 trillion, and “other” is $0.4 trillion. In fact most Americans owe somebody something. According to a recent Pew Charitable Trust report, 80% of households are in debt.