Debt can be a huge burden. Most people across the industrialized world have debt of some kind. Mortgage debt, student loans, medical debt, credit cards, car notes, and the like. But a majority of the debt belongs to certain age groups. Its important that people look at their overall credit and debt health and do their best to get out of it. Having debt will be a burden upon retirement and experts worry that this will be a problem in the future given the large numbers for total debt owed.

Read more: Three quarters of UK adults share £240bn of consumer debt … – Mortgage Introducer