Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Mort Amsel (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

U.S. Debt Facts (Debts Of All Kinds)

% of readers think this story is Fact. Add your two cents.


You need only to listen to the chitter chatter of nearby conversastions of anyone to know that everyone is massively in debt one way or the other.  Only the 1% can afford not to be.  Doesn;t sound sustainable does it?  This little piece from the Depression Blog give alittle insight into just what that debt looks like..

-Mort

 

 
  • Today, 46% of all Americans carry a credit card balance from month to month.
  • Overall, Americans are carrying a grand total of $798 billion in credit card debt.
  • If you were alive when Jesus was born and you spent a million dollars every single day since then, you still would not have spent $798 billion by now.
  • Right now, there are more than 600 million active credit cards in the United States.
  • For households that have credit card debt, the average amount of credit card debt is an astounding $15,799.
  • If you can believe it, one out of every seven Americans has at least 10 credit cards.
  • The average interest rate on a credit card that is carrying a balance is now up to 13.10 percent.
  • According to the credit card calculator on the Federal Reserve website, if you have a $10,000 credit card balance and you are being charged a rate of 13.10 percent and you only make the minimum payment each time, it will take you 27 years to pay it off and you will end up paying back a total of $21,271.
  • There is one credit card company out there, First Premier that charges interest rates of up to 49.9 percent. Amazingly, First Premier has 2.6 million customers.
Read more on other kinds of debt at the source here:  http://www.thecomingdepressionblog.com/us-debt-facts-yikes/



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.