Author: Bloom Intern

Money Matters: Don’t Fear Good Debt

Due to massive asset loss, many Americans purchased debt at an alarming rate over the past decade. MarketWatch reports that at the start of 2019, total consumer debt reached $14 trillion. That’s $66,945 per adult American, surpassing pre-recession levels by more than $1 trillion. Given the sheer volume of debt owed, it’s not surprising that Americans are beginning to fear debt—opting for debit cards over credit cards, renting over owning, and ride-sharing over vehicle ownership.

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