the american reality: how debt defines your generation
DESCRIPTION
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/TRANSCRIPT
![Page 1: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/1.jpg)
The American
Reality: How
Debt Defines
Your
Generation
![Page 2: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/2.jpg)
of Americans
believe living
debt free is living
the DREAM
63%
![Page 3: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/3.jpg)
but…A majority of Americans
live with some type of debt or
loans
![Page 5: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/5.jpg)
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.
![Page 6: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/6.jpg)
In fact, young adults age
18-34 are more likely than
adults 55+ to
than the minimum monthly
payment on their credit
card debt
PAY L E S S
![Page 7: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/7.jpg)
…. and those 18-34 are almost three
times as likely to admit to sometimes
paying their bills late.
![Page 8: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/8.jpg)
Despite these habits, adults 55+ (16%) are more
likely to buy ,
since they have credit cards.
![Page 9: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/9.jpg)
what does each age group consider to be a
FINANCIAL DISASTER?
![Page 10: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/10.jpg)
Foreclosing
on a home?
![Page 11: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/11.jpg)
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.
![Page 12: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/12.jpg)
How about YOUR health?
![Page 13: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/13.jpg)
of
Americans say
getting into
medical-related
debt would be a
FINANCIAL
NIGHTMARE
A number slightly higher for adults 55 and over
(55%)
![Page 14: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/14.jpg)
Did I remember
to pay that bill?
![Page 15: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/15.jpg)
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%
![Page 16: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/16.jpg)
![Page 17: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/17.jpg)
23% of Americans say not paying off a credit card balance
in full each month would be a
that number with
disaster,increases
age 33% for folks 65 and older
and that
![Page 18: The American Reality: How Debt Defines Your Generation](https://reader036.vdocument.in/reader036/viewer/2022081404/559b21441a28abdb738b4791/html5/thumbnails/18.jpg)
What’s YOUR
American Dream?
And how will you
manage your
finances to get
there?