The timing couldn't be worse for American families. Total household debt has hit a record $18.39 trillion, and Americans now spend about 11% of their i

The timing couldn't be worse for American families. Total household debt has hit a record $18.39 trillion, and Americans now spend about 11% of their income just on debt payments In 2018 our household started to exit a decade of hard poverty. FF to now and we have some savings and no debt. The other natural outcome of saving-to-buy (now that we can afford to do that) was zero credit ratings for the 6 of us.