If we talk about debt, it is something that every human
face during his lifetime. But the fact we cannot neglect is,
it is easy to get into debt but challenging to get out of it.
Right now, the US National Debt is $82,000 per citizen and
$217,000 per taxpayer. If you look at the Debt Clock, it just
looks like a bunch of numbers moving at a rapid pace
There are different kinds of debts that can lead to
miserable lives, sleepless nights, and stress. Car loans, student
loan debts, house mortgage, and medical debts are few of
them which are most common.
Knowing about the basic knowledge of debt, interest,
and avoiding it will help you mitigate the need for any debt
in life. You need to know that when you get into debt how
to get out of it. This information has not been taught in
any school, and rather it comes from experiences and self-24
learning about it. So, the average American usually has to
find out about debt with their checking or savings account.
Either you are in black or red.
