TotalDebtFreedom.com

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Total Debt Freedom from credit cards, student loans, mortgages, car loans

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Excerpted from the website:

Federal statistics show the average debt for American households is now at the all- time high of 114 percent of their yearly take-home pay, up from 86 percent a decade ago, he said. Meanwhile, personal savings for Americans have dipped from around 5 percent of their yearly take-home pay a decade ago to an extremely low 0.2 percent today. And a survey this week from consumer group Myvesta said the average American now has almost three credit cards with $2,627 in total debt - up almost 15 percent from last year
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