With household debt including mortgages, credit cards, auto loans and student loans, at $11.65 trillion, according to the Federal Reserve Bank of New York, and consumer spending increasing $13.5 billion last quarter, it’s not a far reach to say that debt has gotten out of control for many consumers.
Debt.com says it has turned consumers into overextended decaying zombies
The website has released a low-budget video to illustrate how debt can eat you alive and if people are careening towards problem debt, there is a way out.
The sixty second video “The Day of the Living Debt” and can be viewed at http://youtu.be/lV7gIwupCY0 .
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