American consumers owe over $11 Trillion in consumer debt.
Yet, 43% of all American families spend more than they earn each year. Huh?
Yeah, overall, consumer debt in America has increased by a whopping 1700% since I was planted on this spinning blue marble in 1971.
And get this; only 59% of Americans have more than $500 in an emergency savings account.
76% of American consumers are living paycheck-to-paycheck.
75% of Americans don’t have enough in their account to cover 6 months of expenses.
50% have less than 3 months of expenses in their savings and 27% have no savings at all.
And oh, don’t go all high and mighty on me thinking these are just lower middle class and poor people problems.
Read more about this at DarrenHardy.com.