Poll: 70 Percent of American Consumers in Debt

A recent survey shows American consumers to be in the red

By U.S. News Staff

July 21, 2009 RSS Feed Print
  • 70: Percentage of American consumers in debt
  • 73: Percentage of American consumers between 18-49 in debt
  • 60: Percentage of those over 50 years old in debt
  • 30: Percentage who have credit card balances not paid in full every month
  • 40: Percentage of those in debt with monthly obligations greater than half their monthly income
  • 10: Percentage of consumers who have filed, or at least considering filing, for bankruptcy

Read more Data Points

Sources: AARP

Tags:
credit cards,
debt,
consumers

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Mortgage is the only sensible debt to collect if any. A car is a terrible place for your money. If it is stickered at 30k you end up paying over 40k with interest making the banks richer and it will be worth around half the sticker when done paying.

Be wise, drive what you can afford and stop worrying about what those around you think.

Save your money our place it in wiser places that gain value and don't lose it.

Jim of TX 6:39PM October 03, 2011

Mortgage in latin means Death-mort, Gage-grip or DeathGrip. It is a way the rich can control the common man. Car payment? Cant you buy one you can afford?

patrick Clark of MT 8:14PM February 26, 2011

Yea. It's called a mortgage and a car payment. When you consider that those are technically debt, it takes away from the impact of the statement "70% of americans are in debt."

Dan of MD 3:32PM February 15, 2010

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