debt free: Americans are still buried in credit card debt...but have a shovel.
- 07/09/15 02:01 PM
Recent findings from the Federal Reserve revealed that Americans are still buried in debt even after the recession and financial recovery. In fact, as a nation we now have $884.8 billion of credit card debt, not to mention our rising student loan and medical debt. And while our credit card debt totals are down approximately 5% since last year, analysts point out that’s because so many people have defaulted on large amounts of debt, not that we’re paying it off. But with the stock market booming, things looking rosy in the real estate sector, and optimistic employment numbers, people often look … (1 comments)
Recent findings from the Federal Reserve revealed that Americans are still buried in debt even after the recession and financial recovery. In fact, as a nation we now have $884.8 billion of credit card debt, not to mention our rising student loan and medical debt. And while our credit card debt totals are down approximately 5% since last year, analysts point out that’s because so many people have defaulted on large amounts of debt, not that we’re paying it off. But with the stock market booming, things looking rosy in the real estate sector, and optimistic employment numbers, people often look … (1 comments)
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