Current Debt Load Poll Results
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FacebookWell, the results of the Money Poll on Current Debt Loads are in… Interestingly, 43% of all respondents reports have no outstanding debt whatsoever. Of course, this ignores mortgages, so it’s not quite as rosy as it sounds. Beyond this, there was a fairly even spread in terms of amounts owed. At the high end, 7% of respondents owe more than $50k, and nearly a quarter (23%) of respondents owe somewhere between $10k and $30k.There were lots of interesting comments in response to this poll, so be sure to check it out. And if you haven’t registered your vote yet, it’s not too late.
Published on January 19th, 2007 - One Comment
Filed under: Credit Cards, Debt Reduction, Polls
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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I still think we should also do ratios. $45K of non-mortgage debt is a ton if your HHI is $50K/year. It’s a little less worrisome if that HHI is $200K.
Our only real debts are two cars. Has anyone tried doing one of the 0% APR/transfer games to effectively finance a car at 0%? Unfortunately the manufacturer had no 0% deals available at purchase time.
Comment by ntguru — Jan 19th 2007 @ 5:10 pm