Credit Card Debt – A Personal Debt Crisis. This book written in 2013 has even more relevancy in
2025 as consumers including college students rely on credit cards to pay for everything
from coffee at Star Bucks, groceries, even vacation trips. Now with so many consumers
having no means to pay off the balance owed with a higher percentage than ever, they
are barely able to pay the minimum required. consumers should run to get this book. It
has gotten so bad that consumers no longer are concerned with the high interest rate
charged by credit card companies, more concerned with just being able to pay the
minimum monthly balance. This book looks at the personal debt of a family that at the
time had a whopping $16,000 outstanding debt balance. Today, that amount is hardly
worth writing about considering the extremely high balances consumers now have in
credit card debt. More than you might think are maxed out, that is they have no more money that they can
charge on one or more of their credit cards. Every way to avoid getting into this mess as well as ways to get
out of this personal debt crisis talked about in this book are as applicable today as in 2013. And considering
the number of spenders who are so out of control spenders, this book needs to be handed out to every person
who has more than one credit card with almost all maxed out with the college students having it as a required
reading their freshman year.