Women, Children & Debt on the Rise
These are some scary statistics! We are trying so hard to become debt free in our family.
Info courtesy of the providers of CareOne Debt Relief Services
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I know these statistics are alarming but unfrotunately the growing reality especially for single moms. As a single mom I know what it is like to rack up debt. Managing a household on a single income is tough; even the slightest bump in the road can cause things to spiral out of control.
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These are some scary statistics, but with the economy so bad I can see why. It is just me and my fiance at this time and it is so hard to stay debt free. I can’t even imagine how hard it is with kids too.
I am also this is partly due to the growing number of unwed pregnancies that occur in the US. I can only imagine how hard it would be to cover everything for myself and children without the income of their father. While the numbers are worry-some, it is not surprising.
Wow, It’s really hard to make it on one income so I know there are alot of single mom’s out there. We are trying to stay out of debt and are down to our student loans and mortgage! Yea!
Very scary, but so true. Definitely matches up to my recent conversations with people, friends, family.
i’m a single parent and it’s SO hard to try and pay bills, save money and pay off debt! hopefully, i will start to see some improvements soon. these are some really scary statistics though!
Well that is frightening to see when I think about having to pay off my student loans!