Total U.S. consumer debt: $2.43 trillion, as of May 2011This averages out to every single person in the USA from 1 day old to 110 years old having credit card debt of $8100.00.
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2 comments:
Well that might be the case but not for my family. Our credit card debt is ZERO. We try to use cash, check or a debit type card. I taught my kids early on and repeated the theme to them that credit cards are just small shovels that can very quickly dig huge holes from which you will spend yrs. trying to climb out of. Neither has a credit card.
Excellent both for you and your family
I am happy to report that we are also a ZERO credit card debt family. Hopefully that continues.
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