There is a debt crisis and potential recession, yet credit seems to be the solution to our future's problems. A record high of $14 trillion in debt has been reported among students loans, credit cards, mortgages and other forms of debt. Since 2008, consumers has increased their debt by $1.3 trillion dollars. From that debt, $667 billion are late or delinquent. In addition, $424 billion of that debt are seriously delinquent by being 90 days or more late. Photo by Sharon McCutcheon on Unsplash Other debts included were: Student Loans = Increased by $1.5 trillion Credit Cards = Increased by $13 billion Mortgage = Owing $9.44 trillion Business debt is also historically high. Eventually, over 186,000 consumers filed for bankruptcy. As we know in personal finance, that is the last option to take. So, if there is no current money and only debt is left with more expenses then credit is the definite solution. We should see credit as "future money." It is there ...