According to the Wall Street Journal, nearly 70% of consumers live paycheck to paycheck.
The average American household has $91,000 in debt, and the total consumer debt has doubled since 1980 (now totaling $2.6 trillion). - Federal Reserve and U.S. Census Bureau
In 1929, only 2% of homes in America had a mortgage against them. By 1962, only 2% did not have a mortgage against them. - Christian Financial Concepts
According to Sallie Mae, 82% of college students don't pay off their credit card balances every month.
According to a 2008 survey by the National Foundation for Credit Counseling, roughly 76 million adults say they do not have any non-retirement savings. Of those who do have a cash fund, 61% don't have enough to cover three months of income.
Finaid.org reports that 70% of all students - undergraduate and graduate - borrow money for school expenses.
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