Consumer debt is on the rise in America, approaching $13.86 trillion in Q2 2019. The infographic below takes a deep dive into the types of debt that Americans face. By compiling research done by several different sources, we ask and answer some fundamental questions: How much is debt increasing with respect to our income? How are Americans dealing with the debt? Are most Americans financially literate?
Take a look below to learn more:
Source: Ascend
Biography: Brianna Miller is a writer and designer for Ascend and Saved by the Cents where she shares in depth articles on topics such as Chapter 7 & Chapter 13 Calculator, creditors and collection agencies.
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