Are you struggling to see the light at the end of your debt tunnel? You’re not alone. The average American household owes $15,654 in credit card debt, amounting to $905 billion nationwide. While some of this money includes households that pay off their balance each month, most households aren’t. The average household with revolving credit card balances pays $904 in interest each year.
According to the same report, since 2007, four major spending categories have all increased faster than the 20 percent income growth. Medical costs increased 34 percent, while