Consumer debt out of control and Dayton’s take on it

The Dayton Daily News recently published an extensive article on consumer debt and spending in the region. They throw out some staggering numbers:

60% of consumers don’t have a budget

24% of consumers aren’t paying bills on time

33% of households carry credit card debt from month-to-month

52% of consumers are not very confident or confident at all that they are saving enough for retirement.

One of the individuals interviewed is Leah Staggs, a former IDA participant from CAP of Greater Dayton, an Assets Ohio IDA Network sub-site. She shares her amazing story of overwhelming debt as a single mother with three kids, to homeowner through the financial tool of IDAs, financial literacy, and credit counseling. Read the article

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Additionally, Dayton’s WHIO’s Report Show talked about consumer spending and debt this past weekend. Hear CAP of Greater Dayton’s Vicki Rish discuss her experience in teaching financial capability and credit counseling. Watch the WHIO Report Show.

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