
The Northwestern Mutual 2025 Planning & Progress Study found that 22% of Americans felt that personal debt was keeping them from becoming financially secure, and credit card debt was the biggest culprit.
According to money expert Ramit Sethi, debt can become a lifelong problem that leaves people stuck with stress, debt collection calls and extra costs. But the right strategy can help you wipe out debt in just six months. Here are eight steps Sethi suggested in a recent YouTube video.