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During the Great Recession, Arizona's overall unemployment rate was higher than the national average1, and the state's housing market took a big hit when the real estate bubble burst. These factors put significant economic pressure on residents and caused financial challenges for many residents throughout the state, including in Mesa.
CareOne's own data shows that many residents were seeking financial help, including debt consolidation in Mesa, AZ over the past two years. In 2011, residents seeking debt relief reported that the average amount of debt they owed was 5% higher than the national average. Unfortunately, in 2012 the numbers only got worse with the average amount of debt owed rising to 7% higher than the national average. Additionally, the average median household income between 2007 and 2011 was 2% lower than the state average and 5% lower than the national average.
However, there is some good news on the horizon for Mesa residents. The unemployment rate steadily dropped as 2012 came to a close, and according to the latest numbers from the Bureau of Labor Statistics, is now more than a full percentage point lower than the national rate2. It looks like the Arizona housing market is slowly starting to rebound as well, with median sales prices beginning to rise.
The providers of CareOne Debt Relief Services® know that despite these promising economic indicators, many Mesa residents may still be struggling to take back control of their finances after the Great Recession. If you're looking for more information on debt consolidation in Mesa, AZ, without a loan, we encourage you to call us today. When you speak with one of our Certified Personal Finance Counselors® you'll receive a thorough and detailed debt analysis. Then we'll walk you through all your options so you can choose a debt relief plan that works for you and your budget.