The Silent Burden Weighing Down Millions of Americans

Medical debt, financial ignorance, and misinformation are not just inconveniences—they are crippling forces keeping millions of Americans in a cycle of stress, poverty, and uncertainty.

Did you know?

62% of bankruptcies in America are linked to medical expenses.
Over 50% of adults lack basic financial literacy, leading to poor decisions, spiraling debt, and missed opportunities.
In 2023 alone, financial illiteracy cost Americans over $436 billion.

Medical Debt

Medical debt is a significant contributor to personal bankruptcies in the United States. A 2009 study published in The American Journal of Medicine found that medical expenses contributed to 62% of personal bankruptcies. Additionally, a 2019 poll from the Pew Research Center indicated that American citizens are much more concerned about health care issues, especially medical expenses, than about the economy and terrorism. These findings highlight the substantial impact of medical expenses on financial stability for many Americans.

The Solution to Medical Debt Starts with YOU

At Smaart Wallet, we believe that the most powerful antidote to medical debt isn’t just reactive—it’s proactive.

The truth is, medical emergencies can strike without warning, but you can prepare now to protect yourself and your loved ones.

Here’s how:

Life Insurance with Living Benefits – This isn’t just about protecting your family after you're gone. It’s about accessing benefits while you're alive to cover unexpected medical expenses, loss of income, or long-term care needs.
Create a Side Hustle or Business: Diversifying your income isn’t a luxury, it’s a necessity. A side hustle or business can provide:
- Additional income streams to pay down debt faster.
- Investment opportunities that grow your wealth.
- Financial security to handle emergencies without draining savings.

Why wait for a crisis to take control? The time to build a safety net and invest in your future is now.

We can guide you through securing a proper life insurance with living benefits and starting your journey to financial independence. Protect your health. Secure your wealth. The solution is in your hands and the choice is yours.

Financial ignorance and misinformation

The Silent Crisis Keeping Millions of Americans Stuck

Financial ignorance and misinformation are not just inconvenient—they are devastating. Every day, countless Americans make decisions that unknowingly sabotage their futures, trapping them in cycles of debt, stress, and poverty.

Here’s the harsh reality:

1 in 2 U.S. adults lack basic financial literacy.
$436 billion – that’s how much financial illiteracy cost Americans in 2022 alone.
Americans now owe over $1.03 trillion in credit card debt.

Why?
Because no one ever taught them how money really works. Are you in control of your money or is it controlling you?

The Consequences Are Real:

Poor decisions lead to lasting debt – often pushing people further into poverty.
Low-income earners are disproportionately affected.
Without financial literacy, investing, saving, and planning for the future feels like an impossible puzzle.

At Smaart Wallet, we believe knowledge is the key to unlocking financial freedom.

We teach.
We empower.
We help you rewrite your story—one smart financial decision at a time.

The solution is simple: educate, elevate, and empower.

Need Help Navigating Your Financial Future?

Struggling with financial decisions? Don’t let confusion or uncertainty hold you back. Whether you’re dealing with planning for the future, or simply trying to understand your options, you are not alone—95% of Americans end up financially strained because of misinformation and lack of proper planning. At Smaart Wallet, we believe that knowledge is the key to financial freedom. Consult with James and Lilian. They are licensed financial professionals and they offer free, no-obligation financial education sessions designed to:

Demystify complex financial topics – from life insurance to investments.
Teach proven strategies to protect your income and wealth.
Show how to grow your money without unnecessary risk.

They break down the secrets that wealthy individuals use; concepts that can help secure your family’s future. Schedule a free session. No pressure. No sales pitch. Just real, practical knowledge to help you make smarter financial decisions. This is our recommendation. You don’t have to do it alone. The choice is yours.

No-Obligation Financial Education
2 hr
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