Nearly 25% of Americans are going into debt trying to pay for necessities like food

Published Fri, May 24 2019  9:00 AM EDT

A full 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt, according to a new survey of approximately 2,200 U.S. adults that CNBC Make It performed in conjunction with Morning Consult. Another 12% say medical bills are the biggest portion of their debt.
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With 1 in 4 people using their credit card to buy food, this does not bode well for the economy.  But I like the Kevin Leary video that said to be out of debt by 42 to 45.  I was 51 when I got out of debt, owning 3 houses though.  Today I put $150 towards investing.  It doesn’t sound like much, but you have to start somewhere.  Right now I’m preparing my own meal rather then eating out.  Every dollar adds up.
Soon McDonalds will be built here in Melfort, Saskatchewan and I plan on treating myself when it is built.

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2019-03-19
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