71% of Americans say debt high enough to limit saving, building wealth

Breakdown

• 71% of Americans say their debt prevents them from saving or building wealth. 28s
• Outstanding credit card debt in the US has reached $1.2 trillion. 1m 1s
• Few people are using debt relief programs like consolidation or counseling. 9s
• Consumers can try negotiating lower interest rates or using balance transfer cards. 1m 19s
• Debt settlement can reduce what is owed but may harm credit scores for years. 2m 27s