So while you are thinking about your financial status. Consider this:
I live in Strasburg, PA – a beautiful little hamlet surrounded by Amish farms. For that privilege, I have:
$1,655 debt per person
Lancaster County is very nice and has offered me:
$576 debt per person
I like Pennsylvania except for the weather and when it votes democratic and for that I have:
$10,421 debt per person
The USA is a great country by many standards and it boasts:
$53,501 debt per person
Personally, I think these numbers are lower than what we really owe, but lets take it at face value. I am personally on the line for $66,153. My wife is too. So is my son. My two daughters owe more than that because they live in Lancaster City – I think they each owe about $2,000 more. So do their husbands. Oh, and I have two grandchildren so far. They each owe $68,153 dollars too. The youngest is 6 months. She cries when I tell her. All total, my family owes $607,377 before we get to mortgages, cars, school, credit cards, etc.
How much will you be spending for Christmas this year?