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Money Statistics

How bad is it?  
It is as bad as bad can be:  it is ill-fed, ill-killed,
 ill-kept, and ill-drest. — Samuel Johnson[1]

  • ~1.6 million bankruptcies filed/year [2]
  • 600% increase in bankruptcy filings in the 80's & 90's
  • 5 billion credit card solicitations/year[3]**
  • Credit card debt quadrupled from '90 — '03 from $338 billion to $1.5 trillion[4]
  • Average credit card debt: $9,300[5]
  • Balances on home-equity lines of credit have climbed 71% to $543.2 billion from '06 —'07[6]
  • College student avg. credit card debt: $2200  [7]
  • From '97 through '06, consumers drew more than $9 Trillion in cash out of home equity [8]
  • 70% of home equity borrowers had new credit card debt within 11 months of closing with an average balance of $2,200 [9]
  • There are more than 2,000 debt counseling centers in the U.S. [10]
  • Over 8 million people in bankruptcy or debt counseling('09-'01) [11]
  • Countless millions more just treading water
  • 72% of Americans said that money is the #1 stressor [12]
  • By the end of 2008, a little more than 9% of all mortgages in the U.S. were delinquent or in foreclosure; number of loans in foreclosure was 2.3 million —a new record and twice as many as 2006 [13]

    
So,  Buy the Book     Change yourself. . .  and change the world.



[1]Samuel Johnson: English poet, critic, and lexicographer

[2] Federal Judiciary Review, June, 2005

[3]Andrea Coombes , MarketWatch Last Update:7:49 PM ET Apr 27, 2006

** that's more than one mail piece/mo for every woman, man and child in America

[4] FOXNews, Susan Walker,12/31/04

[5]MarketWatch; Last Update: 10:25 AM ETJun 8, 2007

[6] Ruth Simon From The Wall Street Journal Online;11/13/07

[7] Bankrate.com www.bankrate.com/brm/news/cc/19980605.asp 11/13/07

[8] George Soros, The New Paradigm for Financial Markets, (New York, NY: PublicAffairs, 2008), pxv

[9] Ron Gallen, The Money Trap,(New York, NY: Harper-Collins, 2002), p8

[10]Ibid.

[11]Ibid.

[12] American Psychiatric Assoc. March 2004 survey

[13]Andrews, Edmund L, New York Times, 2/17/09, B4