How to know when it's time to face your debt

As a society, we shoulder a mountain of debt. Many individuals have so much debt that it keeps them from having money for emergencies or being able to fund long-term goals like retirement and their children’s education. In this current environment, we may be collectively asking ourselves a lot of questions about what it means to have too much debt, and what we can do about it.

Do we have too much faith in the Federal Reserve?

Currently, investors believe Federal Reserve intervention is working because the stock market has stabilized and is now at the higher end of a recent trading range. However, it is hard to believe the worst is over for the markets, considering the millions of unemployed Americans, no earnings guidance from U.S. companies for the foreseeable future and a massive drop in oil prices.