Effective debt management: How to increase savings and get rid of that debt load 

Featuring Kristen Holt, GreenPath President & CEO
2 May 2018

Debt is high and savings are low. 

Indeed, total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.

And, as of year-end 2017, some 4.6% of outstanding debt was in some stage of delinquency. Of the $619 billion of debt that is delinquent, the Federal Reserve Bank of New York noted that $406 billion is seriously delinquent - at least 90 days late or "severely derogatory."

Click here to continue to USA Today to read ways to drop debt and bolster savings.