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If you’re wondering how to pay off $15,000 in credit card debt, you can comfort yourself with the fact that you’re not alone. More than 40% of U.S. households carry…
Credit Card Debt More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…
Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill? Well, that’s not impossible either, though it is…
The stock market is setting records every week, which creates a real temptation for people in debt. Every time you turn on the TV there are ads for everything from…
Money is tight – we get it. But thanks to the internet and technology, it’s easier than ever to make a few extra bucks from the comfort of your own…
Using a credit card is like going down a tall slide. It’s fun. But when the ride ends, the climb back up is long and arduous. With credit cards, the…
Debt has consequences, some of which will surprise the average American. No, we’re not talking jail time. Debtor’s prisons were abolished nearly two hundred years ago, but untamed debt can…
Choose Your Debt Amount Consolidate Debt in Minutes Handling Credit Card Debt While Unemployed A strange thing happened when the COVID-19 economic shutdown hit the United States — millions of…
If there’s an upside to the economic trauma brought about by the coronavirus pandemic — stipulated: we’re straining for a silver lining here — it’s the number and variety of…
America is finding it harder than ever to pay off credit card debt. Total credit card debt is $1.115 trillion in 2024, according to the Federal Reserve. That’s up $129 billion in…
Sources:
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- Leonhardt, M. (2020, May 29) 78% of Americans Have Saved Roughly $245 During the Pandemic by Not Going Out to Eat. Retrieved from https://www.cnbc.com/2020/05/29/78-percent-of-americans-are-saving-roughly-245-dollars-by-not-going-out-to-eat.html
- Kiersz, A. (2018, September 18) How much the average American millennial, Gen Xer, and baby boomer spends each year eating out. Retrieved from https://www.businessinsider.com/average-restaurant-takeout-spending-generation-united-states-2018-9
- Amadeo, K. (2019 March 19) Average U.S. Credit Card Debt Statistics. Retrieved from https://www.thebalance.com/average-credit-card-debt-u-s-statistics-3305919
- Frankel, M. (2018, May 8) How does the average American spend their paycheck? Retrieved from https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2018/05/08/how-does-average-american-spend-paycheck/34378157/
- USDA (2018, November 29) Food Prices and Spending. Retrieved from https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/food-prices-and-spending/
- USDA (2018, October 24) U.S. Food Away From Home Spending Continued to Outpace Food at Home Spending in 2017. Retrieved from https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=58364
- Value Penguin (2018, March 9) Average Debt Consolidation Loan Interest Rates for 2019: By Credit Score and Loan Term. Retrieved from https://www.valuepenguin.com/personal-loans/average-debt-consolidation-loan-interest-rates#credit-score