How much is a trillion? It’s a big number that’s for sure. When we start thinking in terms of a trillion, we have to use metaphors because our mind can’t comprehend that amount, in fact it’s difficult for our mind to understand numbers higher than even 1000. Here’s a really cool article that talks about “Big Numbers and the Human Mind”. (It’s from 2010 but numbers haven’t changes all that much in the last 6 years).
How big is it? It would take you 31,709.79 years to count to a trillion. It’s so big that even this great Dr. can’t comprehend its vastness.
Now that we have an idea of how big the number is, we can understand the trouble that comes along when we associate these numbers with things like the U.S. National Debt – $19 trillion and growing (that’s troublesome). Or consumer credit card debt which is just under a trillion dollars. By the time many people read this it will be at 1 trillion.
Financial guru Dave Ramsey suggested that in 20 years people will look at credit card debt like we look at the cigarette today. We knew this was something that was bad for us, and we knew it was killing us, but we still didn’t do anything to stop it.
It’s important to note that, in the right hands, credit cards can be extremely useful tools. But if you are one of the millions of Americans who are struggling with debt, you need to do a self-evaluation and ask if the plastic in your card is helping or hurting you.
Remember for many people financial health is just as important as physical health. Debt can often lead to stress, illness and strife in relationships.
At Cascade, we like to focus on financial literacy and financial health. There are a myriad of reasons that people choose the Cascade Prepaid MasterCard®. Some people choose the card because they’d like to avoid overdraft fees, some choose the card because they don’t want to borrow money, many people choose the card because they see the ability to earn CrowdFunded CashBack.
Whether you have a Cascade card or not, make sure that you are always keeping a close eye on your personal finances.