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Economy

“Nearly 25% of Americans are going into debt trying to pay for necessities like food”

“American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most?

A full 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt, according to a new survey of approximately 2,200 U.S. adults that CNBC Make It performed in conjunction with Morning Consult. Another 12% say medical bills are the biggest portion of their debt…”

https://www.cnbc.com/2019/05/23/nearly-25-percent-of-americans-are-going-into-debt-trying-to-pay-for-necessities.html

This is why it’s important to have good connections with family members. Networking is useful inside and outside of business. Network with family, become debt free, then these people can go out and do whatever they want. Use whatever advantage to the fullest.

One comment on ““Nearly 25% of Americans are going into debt trying to pay for necessities like food”

admin

Which post? What was the subject about?

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