32% of Americans are in Serious Debt

The Personal Finance Employee Education Foundation has just completed research that indicates that as many as 32% of Americans are in serious debt that may impact productivity at work and cause health concerns. 

This research also reports that families who are just getting by increased from 28% in 2004 to 44% in 2012.  This is a major change for families who had been previously doing well.  Contrastingly, Americans with little financial stress decreased from 42% in 2004 to 24% in 2012. 

Bank On is helping families operating in tight financial times to gain more financial control and take back their financial futures.  Contact Bank On to learn more at bankonvb@vbgov.com