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/

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%

17. 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

18. What’s YOUR
American Dream?
And how will you
manage your
finances to get
there?