CPA Practice Advisor

FEB 2015

Today's Technology for Tomorrow's Firm.

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February 2015 • www.CPAPracticeAdvisor.com 29 BY THE NUMBERS 37,000,000 people have oustanding student loan debt. 1 IN 5 households include at least one person with student loans. asa.org Since Sept. 30, 2012, the U.S. national debt has, on average, increased by $2.4 billion each day brillig.com ONE IN FOUR AMERICANS HAVE GREATER CREDIT CARD DEBT THAN SAVINGS. bankrate.com Alaska has the highest consumer debt per resident. MSN Money Percentage of households with a credit card balance: 46.7% nerdwallet.com T o t a l A m e r i c a n c o n s u m e r d e b t i s a t $11.2 TRILLION OR $35,300 per individual, including children and babies. nerdwallet.com U.S. national debt is approximately $ 18 trillion, up $7+ trillion since 2009. brillig.com 50 % OF SMALL BUSINESS OWNERS SAY THEY PAY OFF THE BALANCE ON THEIR BUSINESS CREDIT CARDS EVERY MONTH Natonal Small Business Associaton STATES WITH THE LARGEST YEAR-OVER-YEAR INCREASES IN CREDIT CARD DEBT: VERMONT WEST VIRGINIA VIRGINIA TransUnion

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