Heathen asked:
With the exception of a mortgage and car (you need a place to live and transportation to make money to stay debt free), how many people do you think live debt free? Within their means (managing their debt wisely)? What percentage are spending money like there’s no tomorrow (receiving assistance of some sort, but still buying video games, cell phones, and other non-essentials)?
Garth
With the exception of a mortgage and car (you need a place to live and transportation to make money to stay debt free), how many people do you think live debt free? Within their means (managing their debt wisely)? What percentage are spending money like there’s no tomorrow (receiving assistance of some sort, but still buying video games, cell phones, and other non-essentials)?
Garth
One Comment
I think that only about 3-4% of Americans are totally (not even mortgage) debt free.
I think it’s somewhere around 20% if you include mortgage and car loans.