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The American 
Reality: How 
Debt Defines 
Your 
Generation
of Americans 
believe living 
debt free is living 
the DREAM 
63%
but… 
A majority of Americans 
live with some type of debt or 
loans
But how they live with and 
manage debt varies by age group
Adults over the age 
of 45 are more likely 
to pay more than the 
minimum monthly 
payment on their 
credit cards than 
th...
In fact, young adults age 
18-34 are more likely than 
adults 55+ to 
PAY LESS 
than the minimum monthly 
payment on their...
…. and those 18-34 are almost three 
times as likely to admit to sometimes 
paying their bills late.
Despite these habits, adults 55+ (16%) are more 
likely to buy , 
since they have credit cards.
what does each age group consider to be a 
FINANCIAL DISASTER?
Foreclosing 
on a home?
While more than three quarters of 
Americans (76%) believe this 
would be a financial 
disaster, it’s a more common 
conce...
How about YOUR health?
of 
Americans say 
getting into 
medical-related 
debt would be a 
FINANCIAL 
NIGHTMARE 
A number slightly higher for adul...
Did I remember 
to pay that bill?
of Americans consider 
having a LATE PAYMENT 
on a loan to be a financial 
disaster 
Although Americans age 45-54 (18%) 
a...
23% of Americans say not paying off a credit card balance 
in full each month would be a 
disaster, 
increases 
that numbe...
What’s YOUR 
American Dream? 
And how will you 
manage your 
finances to get 
there?
The American Reality: How Debt Defines Your Generation
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The American Reality: How Debt Defines Your Generation

New survey data from CreditRepair.com and Harris Poll shines light on the shifting realities of the American Dream and the financial risks people are willing to take to pursue it.
Read the full survey: https://www.creditrepair.com/newsroom/news/published-study-new-harris-poll-reveals-a-new-american-dream-and-its-influence-on-american-finances/

The American Reality: How Debt Defines Your Generation

  1. The American Reality: How Debt Defines Your Generation
  2. of Americans believe living debt free is living the DREAM 63%
  3. but… A majority of Americans live with some type of debt or loans
  4. But how they live with and manage debt varies by age group
  5. Adults over the age of 45 are more likely to pay more than the minimum monthly payment on their credit cards than those between the ages of 18 and 44.
  6. In fact, young adults age 18-34 are more likely than adults 55+ to PAY LESS than the minimum monthly payment on their credit card debt
  7. …. and those 18-34 are almost three times as likely to admit to sometimes paying their bills late.
  8. Despite these habits, adults 55+ (16%) are more likely to buy , since they have credit cards.
  9. what does each age group consider to be a FINANCIAL DISASTER?
  10. Foreclosing on a home?
  11. While more than three quarters of Americans (76%) believe this would be a financial disaster, it’s a more common concern for those over 55 years old.
  12. How about YOUR health?
  13. of Americans say getting into medical-related debt would be a FINANCIAL NIGHTMARE A number slightly higher for adults 55 and over (55%)
  14. Did I remember to pay that bill?
  15. of Americans consider having a LATE PAYMENT on a loan to be a financial disaster Although Americans age 45-54 (18%) are less likely to consider a late payment on a loan to be disastrous 27%
  16. 23% of Americans say not paying off a credit card balance in full each month would be a disaster, increases that number with age 33% for folks 65 and older and that
  17. What’s YOUR American Dream? And how will you manage your finances to get there?

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