The Surprisingly High Cost of Debt (Hint: It's Not All About the Money)

November 6, 2014 4:15 PM

4 0

The Surprisingly High Cost of Debt (Hint: It's Not All About the Money)

The average credit card holder owes more than $15,000, last year's senior class graduated with the highest student debt burden in history, and one-third of Americans are delinquent on at least one loan. All told, we owe a staggering $11.4 trillion in debt and the number is only getting larger.

For many of us, the debt burden from homes, cars, education, and credit cards takes a toll in ways we often don't expect. Even if we don't look closely at our statements, we know we're accruing interest and paying a substantially higher sticker price for the goods we've purchased. Many of us don't r...

Also read: Najdawi scores 30 to lead The Citadel past Colgate 108-101

Read more

To category page

Loading...