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Financial Planning |
Student Loans |
Investing |
Debt Consolidation |
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Today's Families Have
Financial Problems “Household borrowing has
risen almost 60% to $6.5 trillion in the past five years.” “Despite an unprecedented
economic boom, more than half of Americans are worried about having enough money
for retirement.” “Families across America
have accumulated $505 billion in credit card debt, averaging a balance of nearly
$8,000 per household.” “The total number of
bankruptcies filed during the 1999 calendar year totaled $1.31 million.”
“One half of American
households have accumulated less than $1,000 in net financial assets.”
Report by Capital Research Associates, 1999
“Almost 1 in 5 households
with income over $50,000 has no savings.”
Smart Money, November, 1999
“The average U.S. household
has 13 credit or charge cards, and carries $7,500 in credit card balances, up
from $3,000 in 1990.”
The Wall Street Journal, July 5, 2000 |
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