Welcome to KOFE
COUNT YOUR BEANS
The financial world is a confusing place. That’s why we created this section, so you can clear up the confusion. Learn about building a budget, improving your credit score, banking basics and more.Read More
You’ll have a wide variety of financial tools at your fingertips. You can read through our financial publications, view videos, join webinars and browse our selection of informative infographics – all at your own pace.Read More
Utilize our dynamic selection of financial tools, including interactive courses and calculators at any time. These money-saving devices are practical, efficient and can be used in the comfort of your home.Read More
Receive personalized assistance with a financial coach. They tailor solutions that fit your individual needs. KOFE only hires qualified coaches who are available full-time. Contact a coach by phone or fill out a form.Read More
Credit Card Debt Statistics for American Households
U.S. credit card debt hit $870 billion, the largest amount ever, as of December 2018.
76% of American consumers are living paycheck-to-paycheck.
28% of Americans have more credit card debt today than they have in a savings fund.
1 in 10 consumers has more than 10 credit cards.
The mean credit card debt of U.S. households is approximately $5,700.
Roughly 2 – 2.5 million Americans seek the help of a credit counselor each year to avoid bankruptcy.
56% of Americans have no idea what their credit score is.
Percent of families whose debt exceeds 40% of their income is 14.7%
Only 35% of people have checked their credit within the past 12 months.