Do a quick Google search (“average American debt”) and you will see that 160 million Americans have credit cards, the average credit card holder has three, and the average household credit card debt amounts to $15k. What happens when you total this number? The total U.S. consumer debt is around $11.4 trillion.
As a nation, we are addicted to debt. There are countless stories of Americans committing suicide because they neither understand how they got into such dire straits, nor do they know how to escape.
Turn on your television and you will see ad-after-ad seducing viewers to purchase more stuff. Annually, new lawsuits surface where consumers have purchased products claiming to do “x” and the products fail to follow through. Marketers suggest if we purchase their products we will look better, feel better, live better, and be successful.