I saw this handy graphic the other day and just had to share. You can click on the image on the right to see the original, full sized image.
The green represents income and the red represents debt. Pardon the language in the 29 year old comment, but it’s very real. The more income we have, the more debt we accrue because of the increased spending power.
The thing is, after we get into so much debt we find that we’re in a prison to debt—giving most of our earnings that are supposed to be working for us to someone else.
This nightmare has to end.