Debt Threatens the American Dream

Household debt has exploded since 2010, forcing everyday Americans to spend more of their income on debt and leaving them unable to build their savings and their future.


Total household debt 2018: $13.5 Trillion

Nearly $1 Trillion over the 2008 crisis high

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Source: New York Fed Consumer Panel/Equifax

2010-2018 Debt Explosion
Auto loans: +79%
Student loans: +80%
Credit card: +19%

Source: New York Fed Consumer Panel/Equifax


Total Unsecured Debt

TotalUnsecuredDebt

Source: Federal Reserve Economic Data

Debt as % of Disposable Income

DisposableIncome
Personal Savings

Source: Federal Reserve Economic Data

Debt Creates Risk and Stress

Millions of Americans struggle with debt due to hardships beyond their control, living in fear of the next unexpected expense that could push them into a financial freefall.

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183 MILLION PEOPLE

Are financially vulnerable or coping1

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101 MILLION PEOPLE

Can't cover a $400 expense2

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84 MILLION PEOPLE

Suffered a financial hardship3

1Financial Health Network, 2Federal Reserve, 3Federal Reserve, annual Estimated U.S. Adult population: 253M per U.S. Census Bureau Jul. 2018 Estimated U.S. Households: 127M per U.S. Census Bureau Nov. 2018

How does debt impact your life?

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Unable to save

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Feel very stressed

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Delay life goals

Source: Jan 2019 Freedom Debt Relief survey of 2,195 adults aged 18-65.


Freedom Financial Network was founded to help millions of Americans who are struggling and stressed. We’re committing to helping them overcome their debt and move forward toward a brighter financial future. Learn how we do it.