According to the Federal Reserve, in 2019, consumer debt (that includes credit cards, auto loans, student loans, personal loans, and mortgages) hit $4 trillion.
Debt hasn’t just become part of our life, for most of us, it’s the only way of life we know. We’ve been sold that having a mortgage on our house, paying on a couple of car loans, and a wallet full of Gold and Platinum credit cards equals success.
We’ve been told this kind of debt is the “American dream.” In fact, what we’ve really been sold is a nightmare.
Too many of us are just one catastrophic event away from complete financial ruin. It’s time we wake up from this nightmare. It’s time to arm ourselves with knowledge and declare WAR ON DEBT.