477: Three Things to Know About Debt
With $422 billion in credit card debt, $1.27 trillion in auto debt, and mortgage debt of $9.1 trillion, America is drowning in debt. But what\u2019s worse than debt? Dead money! Dave Ramsey won\u2019t teach you this, but America is drowning in not only debt, but dead money. From the $9.1 trillion in mortgage debt, over $5 trillion of that is stuck in equity. That\u2019s dead money, and that\u2019s the biggest problem. Here are 3 things to know about debt today: