"Consumer debt in the US today has reached historic levels, with spending on the increase and savings on the decrease. For many, this is not necessarily an example of money mismanagement, as they may have been struck down by an illness resulting in a pile of overwhelming medical bills. Even healthy consumers are not immune; they may have lost their job, gone through a difficult family issue, or become so burdened with student loans that life has become unbearable financially."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
