A lot of signs point to an economic recovery. The job situation is improving and foreclosures are down, albeit with recent spikes as banks catch up with processing them. But many Americans are still struggling and hoping for debt relief. They're in good company.
According to the Huffington Post, nationwide there is a personal debt of approximately $11.5 trillion. Half of all families have a debt of $75,000 or more. The problem is particularly troubling for young adults, many of whom took out hefty student loans. The average debt for people in their 20s is about $45,000.