Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

Less than zero

Sep 17, 2019
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

How much personal debt is too much?

Noel King Feb 7, 2014
Share Now on:
HTML EMBED:
COPY
Taking the pulse of the nation's credit health.
Philippe Huguen/AFP/Getty Images

The Federal Reserve will release a monthly consumer credit report today. Some wealth advisors compare the report’s level of detail to that of a doctor’s exam. 

“It is a blood workup, if you will, on the state of the nation’s collective credit health,” said Manisha Thakor, founder and CEO of Money Zen Wealth Management. “A whole array of different data points on well-being are being assessed.” 

During and after the recession, Americans rushed to pay down their debts, but data shows debt levels have begun to tick back up. Thakor warns that a debt load that exceeds a third of take home pay can land people in hot water.  “Debt is a four letter word,” she said. 

Nicolas Abrams, a certified financial planner with AJW Financial Partners, agrees. 

“When you start getting over 30 percent, you’re getting to where the majority of your income is going toward paying debt, which means you don’t have money for discretionary items, food, [or] clothing,” Abrams said. 

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

“I use clips from the show in my classes so students can grasp complex ideas and make connections to their own lives.”
Ashley, Ft. Worth, TX
Marketplace Investor