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Credit card balances carried from month to month in the U.S. now exceed $420 billion as of Dec. 31, 2018. That’s an increase of 5% over the previous year. Of those households who have credit card debt, the average debt is just under $7K in revolving balances. How can people not get into credit card debt and if they do how can they get out?
We know that in large numbers millennials are choosing not to marry in part because the one party doesn’t want to pick up the debt of the other. How should Biblical advice be given to young people and parents about incurring college debt?
Student loan debt is the next largest portion of the total consumer debt with the average student now owing $76,000! Should parents or students go into debt for a college education?
When should a person – if ever – borrow against the equity in their homes?
What role does the pulpit and parents have in instructing about financial literacy and particularly Biblical financial principles?
The estimated amount of personal debt without mortgage debt is $38,000/citizen. When the mortgage debt is factored in (according the Federal Reserve) that total number goes over to $59,000/citizen. Why are people (individuals or families) continuing to pile on the debt and spend more than they have?
William Parker (Principal of BRI Investing, CEO of Grandview Asset Management, Kingdom Advisor) discusses what he tells clients concerning debt.
Money Mission Friday: Personal Debt- Squandering our Past, Threatening our Present, Destroying our Future. We are joined by William Parker (Principal of BRI Investing and CEO of Grandview Asset Management). Topics discussed include: Consumer Debt Defined. Consumer Debt Discussed. Consumer Debt Diminished.
The increasing saber-rattling and threats of China toward Taiwan and to the U.S. with their recent announcement that they can take out hundreds of U.S. satellites quickly. What should the U.S. be thinking about China? Is it idle posturing or a serious threat?
Further complicating the Middle East conflict is the announced withdrawal of U.S. troops from Syria. These factors add to the suspense as well. Is a Syrian withdrawal wise? What will it take for Turkey to get directly involved?
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