American Are In Serious Problem

Americans are serious problem in Total U.S. outstanding consumer debt: $3.076 trillion as of Oct. 2013 $3.076 Trillion • The average total debt among Generation X in 2012 was $111,121.8 • The average total debt among Baby Boomers in 2012 was $101,951.8 • The average total debt among those 66 and over in 2012 was $38,043.8 • The average total debt among Generation Y in 2012 was $34,765.8 Generation X in 2012 had 42 percent more overall debt than other generations. • Baby boomers spend 3 times more than their parents • Among middle- and low-income Americans surveyed in 2012 who described their credit as being • When facing financial problems related to debt, 27 percent of U.S. adults said in 2012 that they would first turn to their friends and family for help, and 13 percent said they "poor," 55 % unpaid medical bills or medical debts contributed. would reach out to the lender or credit card company. Who pays on time ? |11111 1111 90 80 70 80 60 70 50 60 40 50 30 40 20 30 20 10 10000- $100,000 + Under 35 35-44 years 45-54 years 55-64 years 65-74 years 75 years old old $25.000-$49,999 $10,000-$24,999 $50,000-$99,999 years old old old old and over Almost always Sometimes -Hardly ever Almost always Sometimes Hardly ever The older you get, you hardly ever have credit card debts Larger income reduces unpaid debts Age OfFamily Almost Always Hardly Ever Sometimes 22 53.0% 19.6% 27.4% 17 52.4% 20.1% 27.5% 15 53.8% 19.3% 26.9% 12 55.3% 19.0% 25.6% 9. 55.7% 20.3% 24% It doesn't matter what's the age of the family – more than 50% almost always have debt What do they spend on? Recreation Spent Monthly Fumishings 2% Motor Vehicles. 3% 4% Clothing 3% Gasoline and Energy 4% Housing and Utiites 18% Food 8% Health Care 16% Other Goods 10% Other Transportation 3% Services 11% Financial Lodging and Food Services Services/ Recreation 4% Insurance 6% 8% Nearly 53 percent of Americans believe "a partner with debt is a turnoff" 57 percent of women and 48 percent of men agree with the statement. If your partner has bad credit and you want to resolve financial issues apply for a car title loan now @ sanfrancisco-titleloan.com 1. The total amount of consumer debt in the US is nearly $2.4 trillion in 2010. That's $7,800 debt per person. 2. Thirty-three percent of that debt is revolving debt (such as credit card debt), the other 67 percent comes from loans (such as car loans, student loans, mortgages and the like). 3. $51 billion worth of fast food was charged to credit cards in 2006, compared to $33.2 billion the previous year. 4. The average credit card debt per cardholder is $5,100, and expected to increase to $6,500 by the end of the year. 5. 1 in 10 consumers has more than 10 credit cards. 6. The average consumer carries 4 credit cards. While the average household carries $6,500 of debt. 8. 4.5 percent of cardholders are 60 or more days late in their payments. 7. 1 in 50 households carry more than $20,000 in credit card debt. That amounts to more than 2 million households. 11. The states with the highest credit card debts were Alaska ($7,665), Tennessee ($7,054) and Nevada ($6,517). 40 percent of households simply spend more than they earn. 10. By the end of 2010, there were 115,000 bankruptcy filings in California alone. Across the US, 1 in every 160 people filed for bankruptcy. 9. On average, clients seeking financial counseling were $43,000 in debt. Of which $20,000 was consumer debt and $8,500 was revolving debt (such as credit card debt). Roughly 2- 2.5 million Americans seek the help of a credit counselor each year to avoid bankruptcy. If you need immediate Cash call us @ (415)422-9644 ICON CREDITS: Man by Simon Child; Man by Niki Forecast; Elderly by Olvier Guln; Architect by Augusto Zamperlini; Payment Doug Cavendish; Ambulance by Andrew Cameron; People designed by Mugdha Damle; Credit Card by Bennt; Credit Slave by Śilly Lill; Credit Card by Simple Icons; Hamburger by Nithin Viswanathan; French Fries by Azure Saw; Credit Card by Matt Brooks; Čredit Card by Simple Icons; Poor by Jens Täming; House by Adam Iscrupe; Running Late by Maurtzio Fusillo; Conversation by Michael V. Suriano; Poor by Luis Prado Statistics by Calvin Ng ALL FROM THE NOUN PROJECT http://cartitleloan-sanjose.com