A quarter of U.S. adults expect to die in debt
About 25 percent of adults with debt in the U.S. anticipate taking that debt with them to the grave, according to a CreditCards.com survey reported by Axios on Wednesday.
More than 65 percent of adult respondents in debt said they were unsure if or when they would ever get out of debt, a slight decrease from last year's 68 percent, the study found.
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The most common type of debt comes from mortgages, which 54 percent of U.S. adults have. Without including mortgages, millennials have an average personal debt load of $32,000, per Axios. Median earnings among millennials are still barely above what baby boomers were making at the same age.
The poll surveyed 1,000 adults in interviews between Dec. 7-9, 2018. The margin of error is 3 percentage points. See more results at CreditCards.com.
