The Impact of Debt on Your Financial Wellness

The Impact of Debt on Your Financial Wellness

25% of take-home pay is going to consumer debt.*

 

$6,741 is the Average American’s Credit Card Debt.**

 

If you can free up those funds, think about how much more you can save or invest in retirement!

 

78% of Americans Live Paycheck to Paycheck.***

 

If you have no savings, every unplanned expense becomes a a crisis. Emergency savings will make you more secure financially.

 

*https://www.cnbc.com/2019/05/23/nearly-25-percent-of-americans-are-going-into-debt-trying-to-pay-for-necessities.html
**https://www.nerdwallet.com/blog/average-credit-card-debt-household/#food
***https://thedailycoin.org/2019/01/10/78-percent-of-americans-are-living-paycheck-to-paycheck-including-many-government-workers-affected-by-the-shutdown/