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January 12th, 2025

The Debt Reckoning: How Record-Breaking Consumer Debt is Reshaping the US Economy

  1. The Debt Reckoning: How Record-Breaking Consumer Debt is Reshaping the US Economy Michael D. Levitt 12:12

The holiday season is over, but the financial impact is beginning for many Americans. Recent surveys show that 70% of Americans admit they can’t pay off their credit card debt this year. With the pressure to spend on gifts, Travel, and celebrations, it’s no surprise that credit card balances have ballooned.

 

Credit cards were the most popular financing choice for 62% of respondents who said they took on holiday debt.

 

You’re not alone if you’re feeling the weight of holiday debt. Breakfast Leadership has partnered with My Debt Navigator to help individuals like you regain control of your finances.

 

Click here to schedule a no-cost appointment and learn how Debt Navigator’s proven strategies can help you pay off your credit card bills and regain financial freedom.

Link:  https://mydebtnavigator.pro/levittm

 

Article on how debt impacts your mood:  https://www.breakfastleadership.com/blog/how-credit-scores-impacts-your-mood

Michael Levitt Chief Burnout Officer

Michael D. Levitt is the founder & Chief Burnout Officer of The Breakfast Leadership Network, a San Diego and Toronto-based burnout consulting firm. He is a Keynote speaker on The Great Resignation, Quiet Quitting and Burnout. He is the host of the Breakfast Leadership show, a Certified NLP and CBT Therapist, a Fortune 500 consultant, and author of his latest book BURNOUT PROOF.

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