Can you smell the hot dogs and freedom yet?

Come Monday, you'll be snacking on barbecue food and waving around sparklers in celebration of American Independence. But what does that stars and stripes, founding fathers “freedom” really mean?

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We won't attempt to answer that question. We have, however, created an infographic depicting an arena where Americans are far from free: their finances.

We’ve rounded up surprising data about financial freedom (or lack thereof) in the US, and we've listed tips for debt management. Now it’s your turn to share our infographic! You could help yourself or someone in your network get on track to financial independence.

Spread the awareness; give the gift of freedom this fourth!

are americans financially independent, US debt infographic

Photo by Matt Cullen