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DEBT

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A survey investigating personal finances has found that roughly 18% of Americans say they expect to be in debt for the rest of their lives. The number has effectively doubled since the last time the survey was taken in May 2013. Overall the survey found that credit card indebtedness has increased moderately since 2013, although the number of mortgage delinquencies has dropped. Besides those who feel they will be in debt for the rest of their life, another 25 percent expect to be in debt until at least age 61. In fact 31 percent of people over the age of 65 expect to be lifelong debtors, compared to 22 percent of those aged 50 to 64 and just 6 percent 6 of those aged 18 to 29.—Jim L. Wilson and Jim Sandell.

Nearly One in Five Americans Say They'll Be in Debt Forever, http://www.nbcnews.com/business/personal-finance/nearly-one-five-americans-say-theyll-be-debt-forever-n265531, December 10, 2014.

Romans 13:8 (NLT) “Owe nothing to anyone—except for your obligation to love one another. If you love your neighbor, you will fulfill the requirements of God’s law.”

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