Consider this:
The average American has $96,000 in debt not counting their mortgage balance (vehicle loans, personal loans, and credit cards). With a mortgage, the average American carries almost $400,000 in debt.
Take your mortgage payment, plus what your household is spending each month to service debt, plus living expenses, plus saving for the future. Can your spouse thrive with a single income?
Average Mortgage Payment in the USA
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Average Household Debt
(Mortgage Balance included)
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Home Foreclosures On People
Over 50 Each Year
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