| Do you currently have any of the following types of loans or obligations? (yes responses) |
|||
|
|
Total |
18-49 |
50+ |
| A credit card balance that is |
30% |
31% |
29% |
| A mortgage payment |
38% |
40% |
36% |
| A student loan |
16% |
25% |
5% |
| A loan that you can pay on a vehicle |
33% |
36% |
29% |
| Cash that you owe other people |
14% |
17% |
11% |
| Compared to your monthly income, would you say what you owe in total each month on your debt is: (asked of total who have any specified loans or obligations) |
|||
|
|
Total |
18-49 |
50+ |
| More than monthly income |
17% |
19% |
14% |
| About 75% of your monthly income |
25% |
24% |
26% |
| About half of your monthly income |
23% |
25% |
18% |
| Less than half of your monthly income |
33% |
29% |
38% |
| Have you ever considered filing bankruptcy owing to debts? |
|||
|
|
Total |
18-49 |
50+ |
| I’ve considered bankruptcy |
6% |
6% |
5% |
| I’ve filed for bankruptcy before |
4% |
4% |
5% |
| I’ve neither considered nor filed for bankruptcy before |
89% |
89% |
89% |
| Which of the following things have you done in the last 6 months to reduce your debt? |
|||
|
|
Total |
18-49 |
50+ |
| I haven’t tried to reduce my debt over the last 6 months |
53% |
53% |
53% |
| Over the last 6 months, to reduce your debt have you … (asked of those who have tried to reduce debt) |
|||
|
|
Total |
18-49 |
50+ |
| Put purchases on a debit card, or paid cash, rather than use your credit card |
70% |
72% |
69% |
| Paid more than the minimum balance on your |
55% |
54% |
56% |
| Cut down on expenses such as eating out, consumer goods purchases and vacations |
70% |
69% |
71% |
| Negotiated better terms with lenders or people you owe money to |
21% |
21% |
21% |
Survey of 1,005 adults age 18 and older conducted by ICR between May 28 and May 31, 2009.
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