my money is being put towards things that will increase my net worth or help my family or my kids. my husband, i sent all three of our kids to school debt-free by living below our means. when we make these new year s resolutions, we look at do i have credit card debt? i want to save more. but i need you had to look at the underlying cause of why you are where you are. are you living above your means? you could be doing well and helping out a bunch will people that shouldn t be helped out. like we have a lot of parents and grandparents that are abling and their adult children to live above their means. that is why people go into 2020 so stressed about their money! because if you got to get real with yourself to do that and could be a hard place to be. i would suggest read michelle s column because she writes about something called using credit cards for lifestyle. so read that. michelle singletary, good to have you. i love being here. happy new year. happy new year to you to
an acid use the cdc has identified vitamin e acetate a chemical of concern. here is the challenge. the illicit market is a moving target and if it s not vitamin e acetate as a cutting agent today, before long, it will be something new. dr. sanjay gupta, cnn, long beach, california. every year, millions of people resolve to make better financial decisions in the new year. and every year, they don t. they just don t. in other words, he is saying you don t do what you say you re going to do. listen. if you really want to improve your financial fitness, it is a priority for 2020 we have 74 for you. mitche michelle singletary from the washington post has some ideas and author of the 21 day financial fast. michelle, good morning to you. good morning. happy new year! reporter: you too. talk to us about credit card debt. how do we get that down?
bankrate.com did a study to show who had credit card debt and i was quite surprised at the results. you would think it s lower income folks that make $30,000 or $40,000. it turns out people making $80,000 or more are more likely to have credit card debt and using it for everyday expenses like groceries, utilities, child care. so going into 2020, many of those people need to just take a look what they have and then try to come up with a plan to reduce that debt so they are not carrying this very expensive debt which, on average, is about 17%. so, michelle, i know people, no names being used. i m sure they are grateful for that. they play the balance transfer game to try to pay off cards. move it here, move it there but then you pay the 3% or 4% to