Maybe you charged a few more things than you should have on your credit card. Perhaps you needed to take
out student loans to help pay for college. Or it could be that your bum transmission totally caught
you and your budget off guard. You've got some debt to pay off—and that's okay.
Truth is, most Americans deal with debt: According to the 2018 Northwestern Mutual Planning
and Progress study, 77 percent of Americans have it, and those that do carry an average of
$38,000 in personal debt.