The average American family devotes one-fourth of its spendable income to outside debts. Since 1945, consumer debt in the United States has multiplied thirty-one times. The IRS calculates that the average filer spends ten times more paying off interest on debts than he gives to charitable causes. If all evangelical Christians were out of debt, hundreds of millions of dollars would be freed up for God’s kingdom. Our families would be stronger, because financial pressures caused by indebtedness are major factors in more than half of divorces.
- Randy Alcorn