Lifetime debt

Over a lifetime, the average American will pay . . $600,000 in loan interest. It's a shocking amount that's paid on car, house, college, student, consumer, and every other kind of debt.

photo: creditloan.com/debt

If a person feels like his money is slipping away, or that he doesn't have much to show for the income he's made, this could explain why. It's an enormous amount of money to pay for . . nothing more than the guy who bought the same stuff without borrowing.

Here's a graphic that shows debt accumulating during various stages of life.

(cont'd in tomorrow's post)