EPISODE · Aug 15, 2025 · 10 MIN
Current Debt Numbers Across the Country
from Credit Coaching by Kristi · host Kristi Nowrouzi
What is credit, really? It's usually... debt. This is why Dave Ramsey teaches and preaches the way he does- saying don't use credit cards. It's because most of us need guard rails against going into debt and getting into trouble. Our society is being taught to borrow for everything- your furniture, your cell phone, and now, even your groceries with Buy Now Pay Later Loans.I am going to throw a lot of info at you on this one, but take in the debt numbers and realize that as a country, we are in trouble- and I am not even talking about the $37 Trillion in National Debt. I am talking about that sizable household debt- even aside from mortgage loans- that are suffocating and burying us with debt payments. It's causing anxiety, frustration, friction and even health [email protected]
What this episode covers
What is credit, really? It's usually... debt. This is why Dave Ramsey teaches and preaches the way he does- saying don't use credit cards. It's because most of us need guard rails against going into debt and getting into trouble. Our society is being taught to borrow for everything- your furniture, your cell phone, and now, even your groceries with Buy Now Pay Later Loans.I am going to throw a lot of info at you on this one, but take in the debt numbers and realize that as a country, we are in trouble- and I am not even talking about the $37 Trillion in National Debt. I am talking about that sizable household debt- even aside from mortgage loans- that are suffocating and burying us with debt payments. It's causing anxiety, frustration, friction and even health [email protected]
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Current Debt Numbers Across the Country
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