Do you think overall most people live beyond their means?
How much do you think the average American has in credit card debt?
approx. $9,328 per household with a average of 16 credit cards per household. MN,where i live, is 3rd in the nation with almost $24,000 per household in credit card debt! the national savings rate is down to -1.3% per household which is the 3rd lowest in history! the last times was at the beginning and the middle of the great depression. so why doesn%26#039;t it feel like we%26#039;re in a depression? because we still have room on the credit cards! borrowing from peter to pay Paul. so, yes, overall, people ARE living beyond their means.
How much do you think the average American has in credit card debt?
12k
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