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A personal finance expert's blunt advice on how to pay down debt fast.
general :: 1day ago :: source - thestreet
By Dana Sullivan Kilroy and Rebecca Mezistrano
A personal finance expert's blunt advice on how to pay down debt fast.. Image source: Shutterstock
The average American has nearly $100,000 in personal debt. That number includes mortgages and credit cards, student loans and car loans, but no matter the source, paying those bills every month can make it difficult to put money into an emergency savings fund, let alone into an IRS or 401(k).
Overall, the national average card debt among cardholders with unpaid balances in Q3 2024 was $7,236, up from $7,130 in Q2. That includes debt from bank cards and retail credit cards, according to Lending Tree.
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