(Columbus, OH, Wednesday, February 5, 2020) – In December, the New York Federal Reserve announced that Americans have a record $14 trillion in debt, including mortgages, credit cards, and student loans.
According to a recent survey conducted by Nationwide and ENGINE, 44% of Americans feel stressed and 36% feel overwhelmed when thinking about their debt.
Nationwide is helping consumers answer that question through a new app that can help users get out and stay out of debt.
“Nimbl by Nationwide” analyzes a user’s financial situation based on information about spending, lifestyle, and how the user feels about their debt. Nimbl then puts together a simple recommendation for how they could reduce their spending to get out of debt on a timeline that fits their lifestyle.
Nimbl accounts for bad days, financial slip-ups, and other life hurdles to help users get back on track and plan for the future.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance.