National Impact

• Housing Foreclosures Are At An All Time High
• Americans Have Over One Billion In Credit Card Debt.
• In The 1990’s Debt Grew 2% Faster Than Income.
• The U.S. Has Had A Net Negative Savings Rate Since 1997.

 

Family Impact

 

• Credit Is Increasingly Pervasive
• The loss of the family home (due to foreclosure) can have long term impact
• The Average Household Has 7 Credit Cards.
• Average Household Debt Is Over $80,000.
• 65% Of All Credit Card Holders Who Carry A Balance Make Only The Minimum Payment Each Month.
• Over 40% Of U.S. Families Spend More Than They Earn.
• Delinquencies On All Types Of Credit Is Near Record High Levels.
• Bankruptcies Are On The Rise (Again)