{"id":269767,"date":"2025-02-12T10:45:00","date_gmt":"2025-02-12T09:12:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-debt-awareness-week-helps-americans-confront-rising-debt-how-many-days-do-people-have-to-work-just-to-pay-off-debt\/"},"modified":"2025-02-12T11:50:35","modified_gmt":"2025-02-12T15:50:35","slug":"la-semana-de-concientizacion-sobre-la-deuda-ayuda-a-los-estadounidenses-a-enfrentar-el-aumento-de-la-deuda-cuantos-dias-tienen-que-trabajar-las-personas-solo-para-pagar-sus-deudas","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/la-semana-de-concientizacion-sobre-la-deuda-ayuda-a-los-estadounidenses-a-enfrentar-el-aumento-de-la-deuda-cuantos-dias-tienen-que-trabajar-las-personas-solo-para-pagar-sus-deudas\/","title":{"rendered":"Debt Awareness Week Helps Americans Confront Rising Debt: How Many Days Do People Have to Work Just to Pay Off Debt?"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Debt.com&#8217;s weeklong financial education campaign aims to reduce debt stigma and empower consumers. <\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 12, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; Americans are carrying record levels of personal debt, yet many don&#8217;t realize how long it would take to pay it off. Debt.com&#8217;s inaugural <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=2077037391&amp;u=https%3A%2F%2Fwww.debt.com%2Fdebt-awareness-week%2F&amp;a=Debt+Awareness+Week\" target=\"_blank\" rel=\"nofollow\">Debt Awareness Week<\/a> on <span class=\"xn-chron\">February 17-23<\/span> aims to change that by encouraging financial education and helping consumers take a hard look at their debt burdens.<\/p>\n<div id=\"prni_dvprnejpg1e89left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpg1e89left\" title=\"Personal debt has become a national problem. Each American adult owes an average of $105,000, according to the Bureau of Labor Statistics. Debt isn\u2019t just numbers on a statement\u2014it impacts people\u2019s daily lives, stress levels, and future. Many people struggle in silence because they don\u2019t know where to turn or they feel ashamed. Debt Awareness Week was created to start conversations, break the stigma, and take control.\" src=\"https:\/\/mma.prnewswire.com\/media\/2617861\/Debt_awareness_week_graphics.jpg\" alt=\"Personal debt has become a national problem. Each American adult owes an average of $105,000, according to the Bureau of Labor Statistics. Debt isn\u2019t just numbers on a statement\u2014it impacts people\u2019s daily lives, stress levels, and future. Many people struggle in silence because they don\u2019t know where to turn or they feel ashamed. Debt Awareness Week was created to start conversations, break the stigma, and take control.\" align=\"middle\"\/><\/div>\n<p>Debt Awareness Week was founded by <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=3516563747&amp;u=https%3A%2F%2Fwww.debt.com%2Fauthor%2Fhdvorkin%2F&amp;a=Howard+Dvorkin%2C+CPA\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Howard Dvorkin<\/span>, CPA<\/a> and chairman of Debt.com, who has spent three decades counseling Americans on the importance of managing debt responsibly. Despite his efforts, Dvorkin says one major challenge remains: many people don&#8217;t perceive their personal debt as a problem.<\/p>\n<p>&#8220;The latest data paints a sobering picture, but still a third of Americans are maxing out their credit cards, we feel there&#8217;s safety in numbers,&#8221; Dvorkin explains. &#8220;When everyone is in debt, no one feels like it&#8217;s a problem. Debt becomes a way of life.&#8221;<\/p>\n<p><b>Debt by the Numbers: Why Awareness Matters<\/b><\/p>\n<ul type=\"disc\">\n<li>Median Weekly Earnings: The average full-time U.S. worker earns <span class=\"xn-money\">$1,192<\/span> per week (<span class=\"xn-money\">~$62,000<\/span> per year) (<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=3877242410&amp;u=https%3A%2F%2Fwww.bls.gov%2Fnews.release%2Fpdf%2Fwkyeng.pdf&amp;a=U.S.+Bureau+of+Labor+Statistics\" target=\"_blank\" rel=\"nofollow\">U.S. Bureau of Labor Statistics<\/a>).<\/li>\n<li>Total Consumer Debt: The average American owed <span class=\"xn-money\">$105,056<\/span> in 2024, a 0.8% increase from the previous year (<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=3946286313&amp;u=https%3A%2F%2Fwww.experian.com%2Fblogs%2Fask-experian%2Fresearch%2Fconsumer-debt-study%2F&amp;a=Experian\" target=\"_blank\" rel=\"nofollow\">Experian<\/a>).<\/li>\n<li>Credit Card Debt: The average balance for cardholders with unpaid debt was <span class=\"xn-money\">$7,236<\/span> in Q3 2024, with total average credit card debt reaching <span class=\"xn-money\">$8,674<\/span> (<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=3495942068&amp;u=https%3A%2F%2Fwww.newyorkfed.org%2Fmicroeconomics%2Fhhdc&amp;a=Federal+Reserve+Bank+of+New+York+%26+U.S.+Census+Bureau\" target=\"_blank\" rel=\"nofollow\">Federal Reserve Bank of <span class=\"xn-location\">New York<\/span> &amp; U.S. Census Bureau<\/a>).<\/li>\n<\/ul>\n<p><b>Introducing the Debt-Free Day Calculator<\/b><\/p>\n<p>A key feature of Debt Awareness Week is the Debt-Free Day Calculator\u2014a tool designed to make debt feel real and actionable. For the average American earning <span class=\"xn-money\">$62,000<\/span> per year and carrying <span class=\"xn-money\">$105,056<\/span> in debt, it would take 20 months of their entire income to become debt-free\u2014assuming they spent nothing on living expenses.<\/p>\n<p>&#8220;When looking at credit card debt alone, the average person would need nearly two full months of pay to clear their balances,&#8221; says <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=2868887989&amp;u=https%3A%2F%2Fwww.debt.com%2Four-story%2F&amp;a=Debt.com+President%2C+Don+Silvestri\" target=\"_blank\" rel=\"nofollow\">Debt.com President, <span class=\"xn-person\">Don Silvestri<\/span><\/a>.\u00a0 &#8220;With our <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=3146953480&amp;u=https%3A%2F%2Fwww.debt.com%2Fdebt-awareness-week%2F&amp;a=Debt-Free+Day+Calculator\" target=\"_blank\" rel=\"nofollow\">Debt-Free Day Calculator<\/a> users can determine how many days they must work this year just to cover their credit cards, student loans, auto loans, and personal loans which really shines a light on their financial wellbeing.&#8221;<\/p>\n<p>How it works:<\/p>\n<ul type=\"disc\">\n<li>Add up personal debt<\/li>\n<li>Factor in annual income<\/li>\n<li>The calculator converts the result into the number of days needed to work to pay off the debt<\/li>\n<li>Visualizes the impact with a personal Debt-Free Day on a calendar<\/li>\n<\/ul>\n<p>&#8220;Once you realize that you&#8217;re working most of the year just to pay down debt, it really starts to sink in,&#8221; Silvestri explains. &#8220;A lump sum like <span class=\"xn-money\">$20,000<\/span> in debt may not seem overwhelming, but when you break it down into days of your life, it hits differently.&#8221;<\/p>\n<p><b>A Nationwide Call for Financial Education<\/b><\/p>\n<p>Debt.com has launched Debt Awareness Week to educate and empower consumers with the knowledge and tools to break the cycle of debt and take control of their financial futures.\u00a0 &#8220;If we can move Americans&#8217; Debt-Free Day closer, it will be a game-changer for millions,&#8221; Dvorkin says. &#8220;It won&#8217;t be easy, but it&#8217;s not impossible. It just takes conquering our debts\u2014one day at a time.&#8221;<\/p>\n<p><b>Join the Movement<\/b><\/p>\n<p>Debt.com is calling on consumers, financial educators, and policymakers to take part in Debt Awareness Week by:<\/p>\n<ul type=\"disc\">\n<li>Using the Debt-Free Day Calculator to understand and visualize debt burdens.<\/li>\n<li>Engaging in conversations about debt and financial education with family, friends, and community members.<\/li>\n<li>Accessing free resources on debt management, credit counseling, and budgeting at Debt.com\/Debt-Awareness-Week.<\/li>\n<\/ul>\n<p>About Debt.com<\/p>\n<p>Debt.com is a leading resource for personal finance education, offering expert advice on debt relief, credit counseling, budgeting, and financial planning. Through educational initiatives like Debt Awareness Week, Debt.com is committed to helping Americans achieve financial freedom.<\/p>\n<div id=\"prni_dvprnejpgb8d6left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgb8d6left\" title=\"Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers \u2018when life happens.\u2019\" src=\"https:\/\/mma.prnewswire.com\/media\/1576979\/Debt_com_Logo.jpg\" alt=\"Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers \u2018when life happens.\u2019\" align=\"middle\"\/><\/div>\n<p>Photo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=251399555&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2617861%2FDebt_awareness_week_graphics.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F2617861%2FDebt_awareness_week_graphics.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/2617861\/Debt_awareness_week_graphics.jpg<\/a><br \/>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4360252-1&amp;h=536956479&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1576979%2FDebt_com_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1576979%2FDebt_com_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1576979\/Debt_com_Logo.jpg<\/a><\/p>\n<p>SOURCE  Debt.com<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Debt.com&#8217;s weeklong financial education campaign aims to reduce debt stigma and empower consumers. <\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 12, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/\u00a0&#8212; Americans are carrying record levels of personal debt, yet many don&#8217;t realize how long it would take to pay it off. Debt.com&#8217;s inaugural &lt;a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-269767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=269767"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269767\/revisions"}],"predecessor-version":[{"id":269778,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269767\/revisions\/269778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/269768"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=269767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=269767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=269767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}