Median American Family Debt Problems – Infographic

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We created the following debt infographic in concert with our favorite Denver bankruptcy attorneys because

  1. we wanted to build some links and
  2. we wanted to raise awareness of a pretty big problem – debt

After putting together a lot of the data for the graphic myself, I’ve come to the following conclusion: America has a culture of debt. Our government (at the local, state, and federal levels) has budget problems, yet voters expect government to provide numerous services…even when they don’t have the funds to do it.

Our cultural icons – movie stars, athletes, business tycoons, etc. – all emphasize the accumulation of “stuff.” It’s not enough for us to admire or emulate someone…we have to buy their perfume, wear their clothing, etc.

Finally, our tax and financial laws are written to encourage debt. Borrow money to buy a house? Get a tax break. Borrow money for college? Get a tax break. But if you pay for your house or your college education with cash, the law doesn’t give you a break, nor does anyone offer you a ‘cash discount’ on tuition or property (well, at least not often).

I know I’m ranting here, but my point is that the following infographic made me think. I hope you like it.

American Family Consumer Debt Facts

Created by Spork Marketing on behalf of Wink & Wink, P.C.

2 Comments

  1. Wow! A lot of work went into producing the graphic for this article. It is well done. But really, Wink & Wink, PC is a real law firm? If so they my want to rethink their name. It diminishes the validly of the article.

  2. Ron – It’s a real firm. 🙂

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