It’s no secret that America runs on debt. The amount of outstanding consumer debt as of March 2018 stood at $13.21 trillion, according to the Federal Reserve Bank of New York. And according to the Federal Reserve’s survey of consumer finances, Baby Boomers average total debt was $108,300, and those over 66 had a total debt of $66,000.
Even if your debt load is less than the average, it can still feel overwhelming, especially if you’re on fixed income. But help is here. The strategies below can get you on the road to being debt-free fast.