Shane MacInnis - Primerica Representative

07/17/2017

40% of Americans spend up to half of their income servicing debt: http://www.marketwatch.com/story/40-of-americans-spend-half-of-their-income-servicing-debt-2017-04-27

Discretionary spending is part of the problem, experts say.

07/14/2017

65% of Americans are losing sleep over money issues: http://www.marketwatch.com/story/americas-insomnia-problem-is-even-worse-than-before-the-great-recession-2017-04-20

This problem is keeping most Americans awake at night.

07/13/2017

34% of American adults have no savings at all: http://money.cnn.com/2017/05/09/pf/saving-tips/index.html?iid=SF_LN

Most Americans don't have $1,000 in savings. Here's what to do if you're one of them.

07/11/2017

The average American spends 33% more money than they earn: https://www.forbes.com/sites/winniesun/2017/05/04/why-you-need-to-stop-spending-money-right-now/

You’re going to want to sit down for this next statistic. Go ahead. Ok, comfortable? Great. In 2016, the total U.S. household debt rose to $12.6 trillion (yes, with a “t”), an increase of $460 billion over 2015 and the highest increase in a decade.

07/10/2017

The household debt-to-income ratio now stands at 169.4, up 23% from a decade ago: http://www.news1130.com/2017/04/24/drowning-debt-new-normal-canada/

An expert in consumer insolvency describes what it's like on the front lines of Canada's worsening household debt crisis.

07/08/2017

“Be excellent when nobody’s looking.” – Jason Ortiz

07/07/2017

6 in 10 Canadians are less than confident in their understanding of the impact of interest rates on debt payments: http://www.investmentexecutive.com/-/financial-literacy-and-surging-debt-go-hand-in-hand-survey-finds

There is a lack of basic financial literacy skills among Canadians to understand and manage their debt

07/07/2017

Six steps to help you reduce credit card debt: http://time.com/money/collection-post/2791963/get-rid-of-credit-card-debt/

Step 1: Figure out what you owe. Gather your credit card statements and make a list of all the balances and interest rates for each.…

07/06/2017

Total consumer debt in Canada (including mortgages) as of September 2016: $1.973 trillion, up 4.9% from the previous year: http://canada.creditcards.com/credit-card-news/canada-credit-card-debit-card-stats-international-1276/

Find Canadian consumer statistics on credit card debt, delinquencies, credit scores, debit cards and more

07/06/2017

Check out five strategies people use to stay on top of their bills: http://www.businessinsider.com/money-management-bill-paying-strategies-2016-12

Not every money management strategy will work for you.

07/05/2017

Nearly 1 in 4 people reported losses over $30,000 during their lifetime due to a lack of financial knowledge: http://www.newswire.com/news-releases/survey-lack-of-financial-literacy-costs-americans-over-9700-across-their-lifetimes-300430978.html

07/05/2017

Tips for getting your finances in order: http://www.bankrate.com/banking/savings/10-saving-money-tips-for-2017-make-it-the-year-you-finally-get-serious-about-saving/

Make the new year the one when you finally get serious about saving. Here’s how.