4 Ways Debt Can Hurt Your Whole Family

This article was originally published at crosswalk.com. 

If you feel like you’re swimming in debt, you are not alone. According to a study from ValuePenguin, 41% of Americans have credit card debt. Those who have credit card debt average over $9,000 of it. According to Lending Tree, the average mortgage, student loan, and car loan balances are $213,700; $36,500; and $10,100, respectively. Many Americans have taken on significant debt.