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Debt Management: Struggling to pay your bills? > Don't Panic!! You are not alone.

Millions of other people of all income levels are going through the same thing you’re going through right now, so you are not alone and it may not even be your fault.

Average Credit Card Debt
Average credit card debt per household with credit card debt: $15,788

Total U.S. revolving debt (98 percent of which is made up of credit card debt): $852.6 billion, as of March 2010 (Source: Federal Reserve's G.19 report on consumer credit, March 2010)

Total U.S. consumer debt: $2.45 trillion, as of March 2010 (Source: Federal Reserve's G.19 report on consumer credit, May 2010)

U.S. credit card 60-day delinquency rate: 4.27 percent. (Source: Fitch Ratings, April 2010)

U.S. credit card default rate: 13.01 percent. (Source: Fitch Ratings, April 2010)

Other Debt - Personal Loans, Car Loans, Student Loans, ect


Home Forclosures

Currently one in every 11 homeowners is facing foreclosure.

Over 300,000 homes are repossesed monthly

UNemployment
US Bureau of Labor Statistics Claims:
Unemployment Rate of
: 9.5% in Jun 2010 or 14.6 million jobless people.

Sadly.. those unemployment numbers are not even close to the truth. The government has changed the method they use to determine the unemployment rate. Example.... If you have collected unemployment but your unemployment benefits have run out and you still do not have a job, you are no longer counted as unemployed.
They unemployment figures do not even take into account the "underemployed" Supppose you need 45 hours to make enough to pay your bills but due to cutbacks you are only working 30 hours. According to the Labor Statistics, you are still employed full time.

The True Unemployment rate is the "U6 count" 16% unemployment rate is realistic

How nation's true jobless rate is closer to 22% - NY Post






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