The under-30 age group is most sure that won’t happen to them
Debt may follow many of us to the grave.
More than 1 in 10 Americans (12%) think they’ll die in debt, according to a survey of more than 1,000 U.S. adults from CreditCards.com released on Wednesday. That’s a dramatic improvement from the 21% who said that in 2015.
This drop may be due, in part, to increased consumer confidence, says Matt Schulz, the senior industry analyst for CreditCards.com. But it’s troubling because Americans now have more debt than they have in years. “I’m worried that some people are getting carried away,” he says. “Credit card debt has been rising steadily for more than five years. It seems like a lot of people are forgetting the painful lessons of...