The Power of the Dark Side of Debt

  • The rise in the cost of living has outpaced income growth over the past 13 years. Median household income has grown 28% since 2003, but expenses have outpaced it significantly. Medical costs increased by 57% and food and beverage prices by 36% in that same span.
  • To close the gap, overall U.S. household debt increased by 11% in the past decade.
  • Households that carry debt average the following balances:
    Credit Cards ($16,425), Mortgages ($180,018), Auto Loans ($29,058), and Student Loans ($50,868)

A note to my readers:

And most importantly:

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Mike Peluso

Mike Peluso

32 Followers

Mike Peluso writes is about the collision between the professional world and life. Read more at www.pelusopresents.com or listen to the Peluso Presents Podcast