Debtism Rules Nearly Half of All US Households

According to a Pew Charitable Trust analysis of Federal Reserve survey data, 47% of U.S. households spend 100% of their income, go into debt, or dip into savings so they can cover their annual expenses.

On top of that, a typical U.S. household was found to have sufficient cash reserves  to cover their expenses for only 21 days if the breadwinner lost their job.

What’s wrong with this picture? What does this say about our economy’s sustainability? Read this website’s Hijacking of Prosperity section for more.


Published by

Dr. David Gruder

Dr. David Gruder, founder of Integrity Culture Systems™, is a clinical & organizational development psychologist specializing in culture and business psychology. An internationally sought speaker, trainer and trusted advisor who the media named "America's Integrity Expert," Dr. Gruder's mission is to make happiness sustainable, collaboration successful, integrity profitable, and cultures healthy. Well, what do you expect from someone who was at Woodstock?! In addition to having founded his own for-profit companies, served as founding president of an international nonprofit, and sat on a number of for-profit and nonprofit boards, Dr. Gruder is on core faculty for the California Institute for Human Science and is Co-Head of Faculty for CEO Space International, an entrepreneur development organization that helps businesses become profitable through collaboration instead of competition, and without sacrificing integrity or social responsibility. The first recipient of a leadership award that was named in his honor, and winner of 8 book awards so far, the working titles for his forthcoming next two books are, "The Hijacking of Happiness, Health, Prosperity & Governance… and How to Reclaim Your Power” and "7 Psychological Keys to Entrepreneur & Leader Success.” His main website is

Leave a Reply