The economy may be in recovery mode, but many consumers are still struggling to pay off debts. According to the Federal Reserve, consumers hold an average $22,899 in debt per household, while total consumer debt is approaching $3 trillion.
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There will come a time in your life when you’re standing at a cash crossroads—one where your final decision will determine the future health of your bank account. Whether you use your hard-earned savings or take out a personal loan, only one thing is certain: the cost of your emergency debt isn’t going anywhere.
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From now until the end of the year, consumers will be busy preparing for the next few holiday-packed months.
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When it comes to daily spending, statistics suggest that consumers can be terrible at math. And the unfortunate result is a quicksand of debt.
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While progressing through college is a major goal of many aspiring professionals, paying for the educational journey is leaving students under piles of debt – proving to be largely unmanageable according to recent reports.
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