24% Said they have no debt

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Poll: 1 in 10 Americans believe they will die in debt


Poll: 1 in 10 Americans believe they will die in debt

A new survey from CreditCards.com shows Americans are getting more optimistic about getting out of debt.

A telephone survey of more than 1,000 U.S. adults found that 12-percent of people with debt believe they will never pay off what they owe.

That’s an improvement from 2015 when 21-percent of people said they would die in debt.

Of those surveyed, 24-percent said they have no debt.

That’s up from 22-percent in 2015 and just 14-percent in 2014.

Other highlights of the survey include:

  • Millennials are the most positive about paying off debt: 60-percent believe they can wipe out their debt by age 30.
  • Most people would save the extra money if debt was erased: 72-percent said they would save for retirement, an emergency, a new home or college
  • Many seniors would splurge: People over age 71 most likely to splurge on big-ticket item or vacation
  • We think we’re better off than those close to us: 48-percent believe they owe less than close friends and family
  • 53 and debt free: The average age people expect to be debt-free

BY Darren Sweeney

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