It is estimated that at least 120 million copies of McGuffey's Readers were sold between 1836 and 1960, placing its sales in a category with the Bible and Webster's Dictionary. Since 1961, they have continued to sell at a rate of some 30,000 copies a year.
Our researchers found the median debt per American household to be $2,300, while the average debt stands at $5,700. Combined data from the U.S. Census Bureau and the Federal Reserve allowed us to dive deeper into credit card debt in the United States, and look beyond the face value of those two figures.
5 Things Keeping Americans From Financial Freedom. We won the war against Britain, but the fight for financial independence is an ongoing battle. By Jennifer Calonia | Contributor July 1, 2014, at 9:10 a.m. With mortgages, credit card balances and student loans, the average American household carries $203,163 of debt. The Associated Press. Fourth of July serves as a reminder of how the nation's founding fathers fought to earn America's independence from Great Britain.