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<h1>Infographic: The Real Reason You Have So Much Debt (It’s Not Crazy Spending)</h1>
<h4></h4>
<h4>Sources:</h4>
<strong>Introduction</strong> <a href="http://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-society/">http://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-society/</a> $11.85 trillion:<a href="http://www.newyorkfed.org/householdcredit/2015-q1/data/pdf/HHDC_2015Q1.pdf"> http://www.newyorkfed.org/householdcredit/2015-q1/data/pdf/HHDC_2015Q1.pdf</a> <strong style="height: 1.5em;">1.</strong> <a title="" href="http://www.davemanuel.com/median-household-income.php" target="_self" rel="noopener noreferrer">http://www.davemanuel.com/median-household-income.php</a> <a title="" href="https://www.census.gov/prod/2013pubs/acsbr12-02.pdf" target="_self" rel="noopener noreferrer">https://www.census.gov/prod/2013pubs/acsbr12-02.pdf</a> <a title="" href="http://www.aei.org/publication/the-college-textbook-bubble-and-how-the-open-educational-resources-movement-is-going-up-against-the-textbook-cartel/" target="_self" rel="noopener noreferrer">http://www.aei.org/publication/the-college-textbook-bubble-and-how-the-open-educational-resources-movement-is-going-up-against-the-textbook-cartel/  </a> <a title="" href="https://research.stlouisfed.org/fred2/series/CPIAUCSL" target="_self" rel="noopener noreferrer">https://research.stlouisfed.org/fred2/series/CPIAUCSL </a> <a title="" href="https://research.stlouisfed.org/fred2/series/MSPNHSUS" target="_self" rel="noopener noreferrer">https://research.stlouisfed.org/fred2/series/MSPNHSUS</a> <a title="" href="https://research.stlouisfed.org/fred2/series/CUSR0000SAM2" target="_self" rel="noopener noreferrer">https://research.stlouisfed.org/fred2/series/CUSR0000SAM2</a> <a title="" href="http://www.gobankingrates.com/savings-account/average-american-profile-earnings-spending-saving-money-today/" target="_self" rel="noopener noreferrer">http://www.gobankingrates.com/savings-account/average-american-profile-earnings-spending-saving-money-today/</a> <a title="" href="http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/" target="_self" rel="noopener noreferrer">http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/</a> <a title="" href="http://investor.equifax.com/releasedetail.cfm?ReleaseID=892028" target="_self" rel="noopener noreferrer">http://investor.equifax.com/releasedetail.cfm?ReleaseID=892028</a> <a title="" href="http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/" target="_self" rel="noopener noreferrer">http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/</a> <strong>2.</strong> Nonmortgage debts: <a href="http://www.urban.org/research/publication/delinquent-debt-america">http://www.urban.org/research/publication/delinquent-debt-america</a> Top 10 States: <a href="http://247wallst.com/special-report/2014/08/13/10-states-struggling-with-delinquent-debt/">http://247wallst.com/special-report/2014/08/13/10-states-struggling-with-delinquent-debt/</a> 59%: <a href="https://www.creditdonkey.com/average-american-savings-statistics.html">https://www.creditdonkey.com/average-american-savings-statistics.html</a> Savings rates: <a href="https://research.stlouisfed.org/fred2/series/PSAVERT/">https://research.stlouisfed.org/fred2/series/PSAVERT/</a> <strong> 3.</strong> <a title="" href="https://www.fdic.gov/bank/statistical/stats/2014sep/industry.pdf" target="_self" rel="noopener noreferrer">https://www.fdic.gov/bank/statistical/stats/2014sep/industry.pdf</a> <a title="" href="http://www.creditcards.com/credit-card-news/bank-yields-loans-1276.php" target="_self" rel="noopener noreferrer">http://www.creditcards.com/credit-card-news/bank-yields-loans-1276.php</a> <em>This infographic was revised on August 17, 2015.</em>
<p>This article originally appeared in <a href="https://www.yesmagazine.org">Yes! Magazine</a> at <a href="https://www.yesmagazine.org/issue/debt/2015/08/13/how-did-we-get-so-much-debt">https://www.yesmagazine.org/issue/debt/2015/08/13/how-did-we-get-so-much-debt</a>.</p><link href="https://www.yesmagazine.org/issue/debt/2015/08/13/how-did-we-get-so-much-debt" rel="canonical"/><p>Yes! Magazine is a nonprofit, independent media organization dedicated to telling stories of ... . Learn more at <a href="https://www.yesmagazine.org">Yes! Magazine</a></p><img id="republication-tracker-tool-source" src="https://www.yesmagazine.org/?republication-pixel=true&post=14927&ga4=G-74QJNNY44Z" style="width:1px;height:1px;">

Infographic: The Real Reason You Have So Much Debt (It’s Not Crazy Spending)

Sources:
Introduction http://daviddegraw.org/peak-inequality-the-01-and-the-impoverishment-of-society/ $11.85 trillion: http://www.newyorkfed.org/householdcredit/2015-q1/data/pdf/HHDC_2015Q1.pdf 1. http://www.davemanuel.com/median-household-income.php https://www.census.gov/prod/2013pubs/acsbr12-02.pdf http://www.aei.org/publication/the-college-textbook-bubble-and-how-the-open-educational-resources-movement-is-going-up-against-the-textbook-cartel/   https://research.stlouisfed.org/fred2/series/CPIAUCSL  https://research.stlouisfed.org/fred2/series/MSPNHSUS https://research.stlouisfed.org/fred2/series/CUSR0000SAM2 http://www.gobankingrates.com/savings-account/average-american-profile-earnings-spending-saving-money-today/ http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/ http://investor.equifax.com/releasedetail.cfm?ReleaseID=892028 http://blogs.wsj.com/economics/2010/08/09/student-loan-debt-surpasses-credit-cards/ 2. Nonmortgage debts: http://www.urban.org/research/publication/delinquent-debt-america Top 10 States: http://247wallst.com/special-report/2014/08/13/10-states-struggling-with-delinquent-debt/ 59%: https://www.creditdonkey.com/average-american-savings-statistics.html Savings rates: https://research.stlouisfed.org/fred2/series/PSAVERT/  3. https://www.fdic.gov/bank/statistical/stats/2014sep/industry.pdf http://www.creditcards.com/credit-card-news/bank-yields-loans-1276.php This infographic was revised on August 17, 2015.

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