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Americans owe $1.40 for every dollar earned, new analysis finds

Americans owe $1.40 for every dollar earned, new analysis finds
Photo: KOSA CBS7 / First Alert 7 (Permian Basin CBS) · view original

(InvestigateTV) — The average American carries $63,000 in debt while earning just $45,000 a year, according to a new analysis by ConsumerAffairs — meaning for every dollar earned, roughly $1.40 is owed.The report found that gap leaves many families with little financial cushion in the event of an...

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