#15: Darn, Debt
Unfortunately, household debt in America is at an all-time high, with the average household owing over $137,063 in mortgages, credit card debt, student loans, and more. But the good news is Americans are becoming more conscious of their debt and taking steps to reduce it. In fact, over 80% of Americans have a budget plan.
This is the best way to manage their debt. And that’s not all; the number of people utilizing debt consolidation and credit counseling services has also seen an increase, showing that more people are taking proactive steps to manage their debt. But there’s no helping anyone who’s a shopping addict!