Find Dept Relief at the Dinner Table.

People go into debt for many reasons, but Americans carry the highest debt of any other nation in the world. The average household in the U.S. has 13 payment cards; in those cards are credit, department store, and debt cards. The amount that the average American family carries from month to month is an average of $6,000. With over 40% of U.S. families spending more than they earn it is no wonder why Americans make over a trillion dollars of credit card debt every year.

Researchers have found there are various correlations between self-esteem and bad debt. But another truth reported by the U.S. Census Bureau’s, which is yet more significant, is that America is the heaviest nation in the world, and it’s no hidden fact that body image and self-esteem go side and side. The result, the lower your self-esteem, the higher your debt. If you generally feel good about yourself and are comfortable with your body image, chances are you don’t try to boost your moral by over shopping, which can add up to a lot of debt on your balance sheet. If you are spending more money than you have, you are probably spending money not only to obtain more goods and services but also to acquire more self-esteem. Could it be that Americans have manage to work themselves in a never ending cycle, which is the more you eat, the less self-esteem you have, therefore, the more debt you create? Surprisingly next time we need a debt solution, debt consolidation, or think of filing for bankruptcy, the answer may be found at your own dinner table. That second slice of pie might not taste as good anymore.

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