Paying down your debt
Many Americans have worked hard to pay down their debt. But it's not good news for everyone.
According to the U.S. Census Bureau, the percentage of U.S. households holding some form of debt declined from 74 percent to 69 percent between 2000 and 2011.
The bad news is the people who still have debt have more of it. Many Americans, especially young adults, tend to accumulate too much debt, too quickly. In fact, the median amount of household debt increased over that period from $50,971 to $70,000.