New Savings Theme: Credit Card Debt
August 1, 2013
By Katie Bryan, America Saves Director
The latest resource packet on Credit Card Debt is now available to help you, your family and your friends better understand the importance of savings, and the profound effect that credit card debt has on consumers. The packet includes a sample article, social media content for the next five weeks, as well as tools and resources for you to share with your Facebook friends, Twitter followers and everyone else you know.
Credit card debt – it’s something that hangs over many Americans. According to the Federal Reserve, in April 2013 the average credit card debt equaled $3,364 per U.S. adult. This assumes that EVERY adult has a credit card and that those cards carry debt. But not all adults own a credit card. Young Americans are among those ditching their credit cards and not all households with credit cards carry a balance each month. The only way to reduce credit card debt is to make payments each and every month. To reduce this even faster you should pay more than the minimum payment each month...
Our goal at America Saves is to promote the importance of savings and encourage individuals and families to take financial action. To help the people you serve save more successfully and to promote the importance of savings at a national level, we have put together this resource packet with you in mind.
More Articles from America Saves:
- Written by Katie Bryan
- Category: Blog
- Published: 01 August 2013