relationship budgeting blog

Some stats from this blog, Committed Unlimited:

• The median household income for a family of four in the US is around $45,000; it’s been stagnant for several years.
• About 43% of Americans spend more than they earn in a year.
• The average U.S. household has over $8,000 in credit card debt.
• Credit card debt in the U.S. has increased by 1/3 in the last five years.
• On average, Americans spend $1.22 for every dollar they earn.
• Americans now have a 1-in-6 chance of losing half or more of the family income in any given year, a huge increase from previous decades.
• Personal bankruptcies have more than doubled in the last 10 years.
• 78% of Americans have a major negative life event at least every 10 years.
• A majority of Americans now have net worths lower than most people in the poorest African nations.
• In Georgia, the state where I live, 1 in 422 homeowners is somewhere in the process of foreclosure. Foreclosures nationwide have skyrocketed in the last five years.