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.
A majority of millennial respondents echoed not knowing when or if they will ever be able to pay off their debt, and 20 percent of millennials said they expect to die while still in debt, Axios reports.
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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.
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Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.
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