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If the financial downturn beginning in 2007 taught anything, it's to get rid of debt and it looks like consumers may be doing more of that than economists expected.
Credit monitoring firm Credit Karma said the average outstanding student loan debt among District borrowers in July was $43,856, the highest in the nation when D.C. is ranked against states.
Great News! You've been invited to a friend's wedding. That'll be $600, please.
Young adults are not using credit cards, in part because they don't like the debt that comes with having them.
A letter stated Karen had an account that was never paid, and the sender offered her a new credit card to use in paying off the debt.
It's time for the January ritual most consumers dread -- the arrival of holiday credit card bills.
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