The last 8 years has been murder on the American middle class. Many families have struggled to pay their financial bills due to a downtrodden US economy.
According to one article I read, a typical middle income family earning around $45,000 a year saw its debt burden grow by 33.1% between 2001 and 2004, even after adjusting for inflation.
Add to that, the housing market collapsing with the high amount of foreclosures due to bad loans. Unfortunately, the Bush administration has chosen to ignore the plight of working class families. It was only due to the Democratically controlled Congress that a economic stimulus package bill was able to give some relief to families in trouble.
With more people declaring bankruptcy than in any time during the Great Depression, it is so important to take charge of your finances.
I ran across a website that gives individuals a chance to see how their finances shape up. Bills.com has a simple Debt consolidation is the most recognized way to improve your situation.
Upon taking the test, I learned that my finances are in the best shape of my life. This had allot to do with the fact that I was drowning in debt a number of years ago and I was able to put together a goal to be debt free in a few years.
Now more than ever, Americans need to be debt free. Consider taking the Bills.com IQ test. The test may just get you on the road towards financial freedom!