Monthly Archives - July 2017

Downsizing Debt

The average household credit card debt has increased from $15,762 in 2015 to  $16,061 in 2016, according to the American Household Credit Card Debt Study by Nerd Wallet. Student loan debt increased from $48,172 to $49,042.  If you carry car loans, the average is $28,535. In total, the average American household has $132,529 of debt and the average rate on credit cards is 18.76%!!!!!!   That means the average household is paying $1,292 in credit card interest each year. That’s a really [...]

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