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From going to school, to going on a date, to getting married, life has hidden price tags that have been sending many Americans down a path to major debt and bankruptcy. Some of life’s most exciting events also bring with them the possibility to build major debts and harm our credit. Here are just a few financial pitfalls we are highlighting: • Getting a credit card is exciting, but the average credit card debt is $7,093. • The average date costs $130. • In 2012, the average engagement ring cost $9,431, and the typical wedding weighed-in at $28,400. • Mortgage debt currently is averaging $148,818 and the typical car loan is $26,700. • 35-44 year-olds have the highest bankruptcy rate
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Children don’t realize it, but they may be headed for a lifetime of debt.
Schools don’t teach children enough about financial responsibility.
The average amount of credit card debt is
An average of 60% of students graduate with
IF PARENTS DON’T TEACH THEIR CHILDREN, THEIR LIVES COULD LOOK LIKE THIS...
Each date costs an average of
$130
In 2012, the average engagementring cost
$9,431
The average wedding costs
$28,400
Mortgage debt averages at
$148,818
A loan for a new car averages in at over
$26,700
The age with the highest rate ofbankruptcy
35-44
$24,572in student loan debt
years
$7,093
