It’s easy to feel like you’re alone in dealing with debt. After all, it’s not the easiest subject in the world to talk about with others. Many people even conceal their debt, working hard to appear outwardly unaffected by financial stressors like collection notices. But rest assured, if you’re carrying debt, you’re far from the only one. It’s likely many of your family members, friends and acquaintances are also facing debt of some sort.
Here’s the proof: For the fifth consecutive year, annual household debt in the U.S. grew. As CNBC reports, debt levels increased across the credit card, auto, college loan and mortgage categories. This rising debt is due to a number of factors. A booming economy tends to make people more confident in borrowing money. Furthermore, the cost of living in the U.S. has risen faster than wages
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