National credit counseling advocate meets with local financial leaders
ByMICHAEL MROZIAK•OCT 16, 2015
The woman who leads the National Foundation for Credit Counseling, based in Washington, D.C, is in Buffalo Friday to meet with local financial leaders and share what her organization considers a disturbing trend in personal finance.
Susan Keating visited the WBFO studios and sat with reporter Michael Mroziak to share some of her message. While the nation has, in general, pulled out of the Great Recession, individual households continue to face serious challenges.
About 70 percent of American households, according to the NFCC, face some sort of issue including low savings, credit card debt, a mortgage or student loan debt.
While some numbers are encouraging, including drops in unemployment, bankruptcy filings and mortgage delinquency rates, Keating noted that there are signs that those trends may shift and start increasing.