NEW YORK, NY / ACCESSWIRE / December 19, 2024 / The weight of household debt continues to grow, a trend that casts a shadow over the American financial landscape. The latest Quarterly Report on Household Debt and Credit from the New York Federal Reserve revealed that total household debt surged by $147 billion in the third quarter of 2024, reaching a total of $17.94 trillion. The growing debt significantly impacts individuals and families, causing them stress and hindering their ability to achieve financial stability. This financial strain can feel especially intense during the holiday season when spending tends to rise and budgets can easily be stretched thin.
This time of year often brings heightened expectations-finding the perfect gift, hosting celebrations, or simply trying to keep up. It's easy to feel overwhelmed, and that's okay. "Give yourself grace," says Alex Kleyner, CEO and co-founder of National Debt Relief. "The holidays aren't about meeting anyone else's idea of perfection-they're about what feels meaningful to you."
Recognizing the added pressures of the season, National Debt Relief works closely with clients to help them navigate these real-world challenges during and after the holidays. "We believe in a collaborative approach," explains Alex Kleyner. "If something comes up-especially during the holiday season-give us a call and we'll figure it out together."
Setting Financial Goals for 2025
Following the holiday season and the start of a new year, many people feel a renewed sense of determination to take control of their financial well-being. The beginning of the year often serves as a natural reset-an opportunity to reflect, set goals, and prioritize what truly matters.
A recent survey conducted by the Certified Financial Planner Board of Standards highlights this mindset: nearly all Americans (97%) have identified at least one financial priority for 2025, with reducing debt emerging as the top focus. Forty-two percent of respondents cited it as their primary goal, signaling a growing recognition of the importance of tackling debt and building a more secure financial future.
"2025 can be the year you break free from the burden of debt," emphasizes Alex Kleyner, CEO and co-founder of National Debt Relief. "It can be the right time to reassess your finances and build a brighter future for yourself and your family."
However, the path to financial freedom can feel daunting. Navigating the complexities of debt relief requires patience, knowledge, and, most importantly, the right support system. "No one has to face this challenge alone," says Alex Kleyner. "Finding a trusted partner is one effective way to ensure a successful and stress-free journey."
The team at National Debt Relief works to understand each client's financial situation, assess their goals, and create a debt relief plan that works for them. "The personalized approach doesn't stop after the initial consultation," says Alex Kleyner. "National Debt Relief is here to guide you every step of the way, providing the support and expertise you need to achieve your financial goals and start the new year with confidence."
CONTACT:
Andrew Mitchell
media@cambridgeglobal.com
SOURCE: Cambridge Global
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