Scary Financial Facts
Are you ready for some Halloween horror stories? Forget Freddy Krueger, Jason Voorhees, or Michael Myers – we've got something really scary for you. Those three famous horror movie characters can't compete with these three real-life financial horrors.
The Debt's Coming from Inside the House! Get Out Now! – America's national debt has topped a staggering $21.6 trillion – but your main concern is your own household debt. Unfortunately, America's household finances aren't in much better shape.
According to the New York Federal Reserve's Q2 2018 Household Debt and Credit Report, aggregate household debt is $13.29 trillion – the highest collective debt ever. Household debt has been rising for the last sixteen quarters. Outstanding student loans alone have topped $1.5 trillion. Revolving debt – mostly credit card debt – hit $1.03 trillion.
Out-of-control spending can crush your finances. To prevent spending binges,
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