Posted on June - 02 - 2010
Almost Half of Americans Are Stressed about Debt
Almost half of Americans are stressed about debt. A recent Associated Press-Gfk poll found that 46% of people surveyed are dealing with stress related to debt. Half of those people said they have “a great deal” or “a good bit” of stress. The poll found that 53% of Americans fell little or no stress about debt.
Job Security
Among the reasons that may contribute to stress related to debt is the fact that the unemployment rate is at 9.9%. Many people who currently hold jobs fear they could end up joining the ranks of the unemployed. Some households have tightened their belts, which has helped increase the personal savings rate to 3.6% in April, up from 3.1% a month earlier.
Get Debt Help If Needed
You may be among those who are stressed about credit card debt and other bills, and may be wondering what the future holds, especially if you have little savings. There are debt solutions available to help pay off what you owe. A debt counseling firm can work with you to improve your spending habits and budget money better to pay off credit card debt.
Debt Consolidation Help
Another way to get on track with a debt reduction plan is to put together a debt consolidation plan. With the help of a knowledgeable debt counseling firm you can put together a consolidation plan on your own. But if you need more help, there are debt consolidation services available. Just be prepared to pay fees for this help.
Yes, it is stressful to juggle a lot of debt. Take action now to nip your debt woes in the bud before they become even more unmanageable.
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- Debt consolidation and credit counseling services: How they can (and can’t) help
- Debt reduction takes hard work and some sacrifices
- Debt posing hazard to seniors’ financial security
- Credit Counseling and Debt Consolidation: Finding Help on Your Credit Card Bills
- Are You Ready for Debt Counseling?
