DON'T GO
ANYWHERE.
SO MAKE IT LOOKS LIKE AMERICANS
MAY BE UPSIDE DOWN WHEN IT
COMES TO CREDIT AND SAVINGS.
MORE AMERICANS ARE LOOKING
AT THEIR CREDIT CARD BILL.
THEY HAVE MORE CREDIT CARD
BILLS THAN SAVINGS.
PEOPLE SEE IT AS A FRIEND
BUT AS A ENEMY.
AS A PREVENTER OF DRAINS.
A NEW SURVEY FINDS 29
PERCENT OF AMERICANS HAVE MORE
CREDIT CARD DEBT THAN EMERGENCY
SAVINGS AND 39 MILLION HAVE
CARRIED CREDIT CARD DEBT FOR AT
LEAST TWO YEARS.
IT PREVENTS YOU FROM TAKING
CARE OF THE PEOPLE THAT YOU
LOVE THE MOST.
CONSUMER CREDIT PANEL SHOW
AMERICANS 18 TO 20 90 MORE THAN
$1 TRILLION IN DEBT.
THE LAST TIME THIS GROUP OWED
MORE THAN THAT WAS NEAR THE
2008 FINANCIAL CRISIS.
I WANT AMERICANS TO WAKE UP
AND SEE THAT FOR WHAT IT IS.
BUDGETING ALLOWS US TO HAVE
CONTROL OVER OUR MONEY.
UNDERSTAND YOUR INCOME AND YOUR
EXPENSES.
CHRIS HOGAN SAID THE NEXT
PROGRESS BUT AS YOU PAYOFF ONE,
TAKE WHAT YOU ARE PAYING AND
MOVE IT TO THE NEXT ONE.
IT HAS HELPED MILLIONS OF
PEOPLE GET OUT OF DEBT.
29 PERCENT OF AMERICANS
GOING MORE THAN THEY HAVE SAVED
IS ALARMING.
CONDITIONS ARE RIPE FOR THEM TO
START PAYING BACK DEBTS WHEN
THEY CAN.
YOU GET OUT OF DEBT YOU WILL
BE HAPPIER BECAUSE YOU DON'T
HAVE THOSE THIEVES STEALING OUT
OF YOUR POCKET BUT YOU GIVE
TEARTO DO IT.
THEY SPIT OUT THESE RULES
ALL THE TIME IT WAS FUNNY TO
WATCH THEM BACKTRACK BECAUSE
ALL OF A SUDDEN THE ADVICE
COMPLETELY FLIPPED.
I WASHED WHEN YOU TOLD US NOT
TO DO THIS AND THEY WERE
TELLING US TO DO IT.
THIS GUY SEEMS LEGIT BUT I HAVE
A HARD TIME SEEING PEOPLE FLIP
FROM WHAT THEY HAVE BEEN
PREACHING.
YOU DON'T WANT TO BE PAY 27
PERCENT.
THINK OF HOW MUCH THAT ADDS
UP.
AND DO YOU THINK IS JUST A
GENERATION THAT DOESN'T WANT TO
WAIT?
JEREMY POINTED OUT I THINK
THERE'S A LOT OF FINANCIAL
FACTORS INVOLVED AND AGAIN, I'M
NOT A GOOD EXAMPLE BECAUSE I
HAD SO MANY FLUCTUATIONS IN MY
LIFE.
WHEN YOU GET IT PAID OFF IT
FEELS SO GOOD.
THERE ARE CREDIT CARDS THAT
WILL GIVE YOU PERKS BACK.
OFF EVERY MONTH.
I SHOULD BE ACCUMULATING
MILEAGE OR SOMETHING AT THE GAP
STORE OR DIFFERENT THINGS.
THAT'S KEY, PAYING IT OFF.
I WILL ADMIT WHEN THAT
FINANCIAL CRISIS HIT, IT HIT
EVERYBODY.
YOU WILL NEED IT JUST TO GET
BY.
A LOT OF PEOPLE ARE GETTING BY.
BELIEVE ME IT ADDS UP FAST.
HOW MANY TIMES DO YOU PAY FOR