Debt by the numbers
May 28, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Scripture is clear that debt is not ideal and should only occur in specific circumstances. Debt should be manageable and payable in a short time period.
V Todays statistics indicate that Americans owe over $1 trillion in credit card debt and over $2.8 trillion in non revolving debts or loans. Reasons are debated. Is cost of living rising more than income? Possibly. Is work volatility a cause? Whatever the reason, the news has not changed. Sadly some do not expect to ever pay their debts.
M The solution comes back to us. Our spending plan, our actions. One mark of Christ followers is accountability. Our goal, to owe no one anything but the debt of love.