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Did you know that 7 out of 10 Americans feel like they can never make debt elimination a reality in their lives? This is according to the study published on PewTrusts.org. It is revealed in their study that 80% of Americans carry some form of debt. Whether it is mortgage, credit card debt or student loans, they all have debt. The study revealed that most Americans have more assets than debt. However, you need to understand that one emergency could tip their financial situation over the edge. What is more unfortunate is the 7 out of 10 Americans who believe that debt is a necessity. They do not like debt - but they have accepted the fact that they cannot live without it. How sad is that way of thinking? We all want to eliminate debt, but the reality is, we need it as some point in our lives. At least, this is true if you want to expedite the growth of your finances. There are things that debt can bring that will benefit your financial life - at least, if you know how to use it to your advantage.