Are you punching above your weight class financially? 5 ways you might be richer than the average American

Not everybody can just magically become free of debt all at once. It takes time, especially if you’re burdened by more than one source of debt.Without the burden of interest payments, you likely have more flexibility to save, invest and grow your wealth, putting you well ahead of the average American.On the other hand, if you’ve avoided consumer debt entirely — and especially if you’ve paid off your mortgage — you’re in a rare financial position.Debt is a fact of life for many Americans — about 90% of adult ...