We are America and we have an addiction. We live beyond our means, spend unconsciously, do too much therapy shopping, live the swipe it and forget it lifestyle, use whatever colorful phrase you like.
Americais addicted to living on loans.
Americans passed two milestones in 2018. The first is we, as a country, exceeded $1 trillion in credit card debt. As we know that credit card transactions dont stop after we swipe our credit cards, it gets worse.
Consequently, Americans paid $104 billion in credit card interest and fees for the twelve months leading up to August 2018. Thats $823.96 in interest and fees for every household in the U.S. with a total of 1…
Read the full article at: https://www.forbes.com/sites/debtfreeguys/2019/01/13/the-5-cheapest-ways-to-pay-off-credit-card-debt-fast/