Debt Recovery

The average American ages 35–44 has $133,100 in debt, and the average citizen under 35 years old has $67,400 in debt.¹ Nearly 800,000 people filed for bankruptcy in the United States federal courts in 2017.² Medical debt is the primary cause of bankruptcy in the U.S. In 2014, an estimated 40 percent of Americans went into debt due to a medical issue.³ Thirty four percent of Americans have no savings, and 35 percent only have several hundred dollars in savings. Just 15 percent have over $10,000 in savings accounts.⁴