debtFour “Shocking” Statistics About Debt in America

  1. 1.     The average household debt in the US is now 136% of the household income.  That means, whatever the average person makes, they owe that much plus 36% of what they make in a year. Insane! That is incredibly sloppy and dangerous money management! The only institution that does that and gets away with it is the U.S. Government!

 

  1. 2.     When it comes to credit cards and those carrying a balance, the average credit card debt is $14,517.00. That is a whole lot of shoes and belts and “cheap” jewelry and “necessities” and online purchases and $4 caffeine drinks. That’s a lot of debt!

 

  1. 3.     The average 21-year old owes $12,000. That’s also insane! But in only seven short years from the age of 21 to 28, they owe $78,000 by the time they’re 28. No wonder marriages struggle, and no wonder there’s so much tension; we live in a world where people are strapped.

 

  1. 4.     And this could be the scariest of all: The average number of U.S. households living paycheck-to-paycheck is 55% and some studies say as high as 61%. That means that if over half of you,  lost your job or didn’t get paid you couldn’t pay the house payment, the rent payment, or the car payment. You are in big, big trouble and over 50% of the people in our country are living that way today. Let me say it again, no wonder there’s so much tension.

What is normal in our culture when it comes to finances? Normal is debt, normal is car payments, credit card payments, student loan payments, house payments. Normal is fighting about money. Normal is divorcing over money. Normal is laying awake at night worrying about money. That’s why I believe with all of my heart if you’re a follower of Jesus we are not called to be normal, we are called to be different; we are not like this world. You don’t have to settle for normal. When people who are living this way give you advice they say “Well, you’re always going to have a car payment!” If you believe that, you always will, but there is a better way and it is God’s way, following His principles. To hear the first step of the better way I would invite you to click on this link and listen.  http://relaxedchurch.sermon.net/da/1199944377/play

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