Are you serious, are you serious? Total household debt soared to a record $13 trillion dollars in 2017. Total household debt increased to just over $13 trillion in the fourth quarter of 2017. American indebtedness has eclipsed levels seen on the eve of the Great Depression. Americans are burning up those credit cards. Americans have run up almost a 1 trillion credit card tab. Mortgage debt grew by staggering numbers. Housing loans make up the largest portion of American household debt as well. As the debt grows, the creditworthiness of borrowers is dropping. The median credit score for those taking out new mortgages decreased in Q4 2017. Auto loan balances continued to rise. Currently, Americans owe $1.2 trillion on vehicle loans. Student loan debt stands at a staggering $1.38 trillion. student loan debt is one of the biggest factors driving a growing trend of millennial struggling to transition into independence. I don’t exactly know what these numbers mean, because of it’s overall complexity, but one thing is for sure, we are not heading in to a good direction and we should get ready while we can.