According to CardWeb.com, the average...
According to CardWeb.com, the average American household with at least one credit card has credit card debt of $9,200. Many young Americans in the 24-35 age bracket, spend from 25% to 30% of their monthly income to pay down debt, and tragically, a large percentage of those are not in ownership positions (for example, they don’t have a mortgage). Although that isn’t what Paul meant by being a debtor to the flesh, it certainly is slavery to fear: fear of bankruptcy, foreclosure, and a dim future.