Curing Recession Depression, pt. 3: Life After Debt

There are studies that indicate that the average American household carries between $8,000 and $10,000 balance on their credit cards with interest rates in the high teens.  Many owe much more.  Being in debt is like being in chains: your decisions are based on how much you owe on your cards. In this message, Rod Loy challenges some commonly-held attitudes about credit and debt.