If you watch a lot of television, there is no shortage of pundits shouting from the rafters that we are all in dire financial straits, but how correct are they? According to the infographic below, we’re not only getting into financial shape, we’re kicking debt’s butt big time!
Here are some highlights:
- The average revolving credit card debt has fallen by 7% in two years
- The total American debt has fallen for the fifth year in a row
- After peaking in 2011, home foreclosures are falling
- Bankruptcy filings have fallen dramatically after peaking in 2010
Take a peak at just how well we are doing financially.