Nearly half of Americans willing to take on debt this year, study …

Jun 10, 2021 · CreditCards.com industry analyst Ted Rossman details a study that shows 44% of Americans are willing to take on discretionary debt to spend on goods and services in the second half of 2021.

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Nearly Half Of Americans Willing To Take On Debt This Year, Study …

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Jul 13, 2021 · Nearly half of Americans willing to take on discretionary debt this year, study shows. CreditCards.com industry analyst Ted Rossman details a study that shows 44% of …

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Nearly Half Of Americans Willing To Take On Discretionary Debt This ...

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Jun 10, 2021 · CreditCards.com industry analyst Ted Rossman details a study that shows 44% of Americans are willing to take on discretionary debt to spend on goods and services in the …

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Nearly Half Of Americans Will Take On Debt This Year Despite Higher ...

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Jul 22, 2022 · Credit cards account for the biggest share of debt — 70% — followed by auto loans at 33% and mortgages at 29%. Medical debt is ranked fourth, but people with bad credit are …

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31% Of Americans Would Rather Go Into Debt Than Borrow From …

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Dec 8, 2020 · Americans are more willing to loan money amid the coronavirus pandemic. Nearly half (46%) of Americans said the pandemic has made them more likely to consider loaning …

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Jul 17, 2024 · Those people cited concerns like inflation/rising prices (65%); being in debt, such as credit card debt, medical debt or student loan debt (47%); and not having enough …

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Newsroom | Northwestern Mutual - Planning & Progress Study …

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Of the 42% Americans who report holding credit card debt, the average amount is $5,400. Of that debt, over half (52%) went toward paying for absolute necessities like rent, utilities and groceries; 36% was for discretionary expenses such as entertainment, vacations, or dining out; and 11% was used for educational expenses. The study also found:

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Are Americans willing to take on discretionary debt in 2021?

CreditCards.com industry analyst Ted Rossman details a study that shows 44% of Americans are willing to take on discretionary debt to spend on goods and services in the second half of 2021. ...

Are Americans willing to take on debt?

Ted Rossman, Bankrate senior industry analyst, thank you so much. According to a Bankrate survey, 30% of Americans are willing to take on debt for discretionary purchases such as travel, live entertainment, or dining out. The survey also highlighted that younger generations are the most willing to take on debt to have some fun. ...

Are you willing to take on debt?

Or maybe it’s revenge spending due to financial stress. Whatever the reason, the survey finds that 38 percent of Americans are willing to take on debt for at least one of these types of discretionary purchases. Travel is the most popular option, with 27 percent of people willing to take on debt. ...

Who is the least willing to take on debt?

The lowest-income households (those under $50,000 in annual household income) are also the least willing to take on debt for fun this year (37 percent). But even compared to those in higher earning brackets (43 percent earning more than $100,000 annually), households earning between $80,000 and $99,999 are the most willing (46 percent). ...

Are millennials willing to go into debt?

More than half of Gen Z-ers and millennials are willing to go into debt for these things this year. That compares with only 30% of Gen X-ers and only about a quarter of Boomers. I actually hear from a lot of young adults that they feel pessimistic about other aspects of their financial lives unfortunately. ...

Will Americans take on debt in 2024?

Many Americans are willing to take on debt to travel, dine out and attend live entertainment in 2024. That’s 27 percent who would take on debt to travel, 14 percent who would take on debt to dine out and 13 percent who would take on debt to attend live entertainment (e.g., concerts, sporting events, theater performances, etc.). ...