Did you know U.S. household debt hit a staggering $18.39 trillion in late 2024? The stakes are high when it comes to these record-high debt levels, from home foreclosures to car repossessions that happen with no warning. This week's FinCap Friday breaks down these tough realities and examines their impact on your credit and financial future. This episode helps teens learn the importance of avoiding financial traps and debt cycles before they begin! 

You can click here to access the Kahoot quiz and discussion prompt. If you're short on time, try our simplified No Tech version containing embedded questions right in the slide deck!

About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!

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