Next Step Financial Coaching

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5 things to know about declining savings, rising debt for American households Consumers saved at an unprecedented rate during the COVID-19 pandemic but now are spending down savings and getting more in debt

☹️ We NEED to break the cycle of debt!

Household debt hit a record high of $13.5 trillion last quarter Total household debt is now $837 billion higher than its previous peak, which was in 2008 before the recession.