Here's some debt stats that were shared in week two of our Financial Fitness teaching series.
- The average American is now spending $1.36 for every dollar they make. That means Americans are living on 136% of their income.
- For those carrying a balance on their credit card(s), the average is $14,517.
- The average 21 year old owes $12,000. By 28 they owe $78,000.
- 55% of American households are living paycheck to paycheck.
- In 1970 only 15% of Americans had credit cards. As of 2013 77% now have credit cards.
If you find yourself steeped in debt, New Day can help. To start, visit our www.newdaychurch.cc/financialfitness and listen to our message on DEBT.
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