Being in heavy credit card debt might lead Floridians to feeling isolated. The sense that they are drowning in their financial challenges can be overwhelming. That belief that they are by themselves in their issues with credit cards and the inevitable creditor harassment can force them to make decisions the might not want to make like considering bankruptcy. However, there are alternatives available and the first step is to realize that there are others - many others - in the same circumstances throughout the U.S.
According to a new study, approximately 29 million adults in the U.S. have had a credit card balance for at least two years. That is close to half the population. A survey of more than 2,000 people found that of those people with debt, more than half have had the debt for a minimum of five years. Most prominently featured in these statistics are people between the age of 63 and 71 with 63 percent and those 72 or older at 57 percent.