Americans Are In Debt For Record Amounts

50 million credit cards are issued annually 70% of credit card holders carry a balance, which averages over $3,000 Payments on debt now account for 92% of family disposable income total consumer debt is over 5 trillion dollars. That's about the same as the government's "national" debt everyone keeps talking about Personal bankruptcies are at an all-time high of about a million a year.