The Average household in the US today owes over $8,000 in credit card debt, and that's the average household.
In reality, many households owe the equivalent of one year's salary to various types of debt.
This on top of an $8.
9 Trillion dollar debt for the United States.
The first seven years of the "new millennium", has seen the birth of more millionaires than every prior generation, but also created a generation more in debt that any generation that has come before.
What you had to show in the amount of material goods became much more important for the short term that what you had over the course of you life.
Today's work force have dwindling retirement fund due to corporate bankruptcies, and poor financial decisions.
Over the last few years' bankruptcies have hit an all time high, yet in 2005 it became harder to declare bankruptcy.
One of the most important things to remember is that you are not alone.
There are many resources to help you, through practical knowledge, and through inspirational stories of those that have lived through crushing stress of debt and come out on the other side.
One Great resource is the Living on a Dime Series by Jill Cooper and Twara Kellam.
Raising a family today can be a strain on every working individuals.
You can find hundreds of blogs and site for debt help, and hope.
If you search the web you will find that there are many people who are trying to return from the edge of debt.
Debt is a challenge that can be overcome.
For inspiratition and help visit, Build Tomorrow Another Day of Life