Where Does Debt Begin? 3 Mindsets to Guard Against

where does debt begin

A Business Insider article ran several fascinating statistics on the topic of debt. One stat listed that 1 in 50 households that have more than $20,000 in credit card debt. That’s about 2 million US households that are in the red. Additionally, approx. 2 to 2.5 million Americans seek credit counselor help to avoid bankruptcy per year.

According to Annutto Law Office, the need for debt relief is non-discriminate. They state, “Anyone’s debt can get out of control and become impossible to manage, regardless of income bracket or lot in life. No one is immune to the possibility of getting in over his or her head.”

Where Does Debt Begin?

Most of us know that debt is bad and that we should not spend more than we make. But if this is common sense, why do so many Americans still find themselves in debt? What decisions or thought patterns do . . . → Read More: Where Does Debt Begin? 3 Mindsets to Guard Against