(Morgan)Sometimes debt isn’t so bad, and sometimes it is, but one thing is clear: 80% of Americans owe someone, somewhere, some money. It might be a mortgage or student loan, or a five-year-old fee that got forgotten about, but the vast majority of us have some outstanding debt. And worse: a third of the country may have debt collectors chasing after them for that cash. The Urban Institute today released two studies, Debt In America and Delinquent Debt In America, looking at who owes what and where. Consumer debt, the researchers found, is everywhere — but the distribution is far from even.