Current Debt Load Poll Results
Well, 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.
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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