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Debt Recovery

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Summary

The average American ages 35–44 has $133,100 in debt, and the average citizen under 35 years old has $67,400 in debt.1 Nearly 800,000 people filed for bankruptcy in the United States federal courts in 2017.2 Medical debt is the primary cause of bankruptcy in the U.S. In 2014, an estimated 40 percent of Americans went into debt due to a medical issue.3 Thirty four percent of Americans have no savings, and 35 percent only have several hundred dollars in savings. Just 15 percent have over $10,000 in savings accounts.4 Show References
1 http://time.com/money/5233033/average-debt-every-age/ 2 https://www.natlbankruptcy.com/how-many-people-filed-for-bankruptcy-in-2016-2/ 3 https://www.usatoday.com/story/money/personalfinance/2017/05/05/this-is-the-no-1-reason-americans-file-for-bankruptcy/101148136/ 4 https://www.cnbc.com/2017/06/19/heres-how-many-americans-have-nothing-at-all-in-savings.html
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