Quick Money Tips: Average Debt of Americans

In today’s edition, we look at personal debt. What is the average debt of Americans? What role does the government play in rewarding debt? And what is life like for people after they’ve filed bankruptcy?

Best Quick Money Tips

Average American Debt: How Do You Stack Up? –“What is the Average Debt of an American?” The answer will depend on many factors, including what type of debt you’re talking about. When it comes to personal debt, I think the only number that matters is the debt you have. Do you have too much debt?

Why Generation Y Continues to Be the Debt Generation — Responsible savers are being punished with the Feds recent quantitative easing move. Responsible borrowers are being rewarded as it’s easier than ever before to afford a loan of any kind. I’m thinking we need to come back to reality a bit.

Life After Bankruptcy — “Many of these filers mistakenly think that it will be many years before they can obtain a mortgage or refinance an existing home loan, if they ever can — perhaps because notice of a bankruptcy filing typically stays on a credit report for 7 to 10 years.”

Podcast #168: Liz Weston, There Are No Dumb Questions About Money — Consumerism Commentary’s Special Edition podcast with Liz Weston, the most-read personal finance columnist on the Internet and keynote speaker at the recent #FinCon12.

Spend $700 at Apple Store or on Apple Stock? — Speaking of money questions, I loved this question posed by Smart Money. If you have $700, would you rather walk down to the Apple store and buy a new iPhone or investing it all in a share of Apple?

More Quick Money Tips

Why I Refuse to Play the Credit Score Game — Part of Ready for Zero’s 4th Annual Smart Money Debate. Two of my good buddies battle it out over at the Ready for Zero blog over the importance of credit scores. I typically side with David, but I like and respect Brad’s take.

Discount Birthday: Walmart, Kmart, Target Hit 50  — I find it interesting that these three companies all started in the same year. Enjoy this read about their history and their impact on retail and our ability to get quality things on the cheap.

Frugality After Financial Independence — Loved this post that explores the choice you have once your financially independent – whether to fully enjoy the fruits of your labor or continue to practice the frugality that likely helped you gain your independence.

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