How much is too much debt?
I think that if you are constantly worrying about how much you owe, you have too much debt. Most of us have some debt. That is just the way our economic system works. But when you find yourself worrying about paying down the debt and worrying where the money to pay down the debt will come from, you have too much debt. It means you have to take steps to cut down on the amount of debt you have accumulated.
It is easy to accumulate too much debt. Credit cards make it so easy to buy things that we may not need and the debt tends to creep up without our realizing it. So when you do realize that you have too much debt, it is time to take action right away to prevent a worse situation.