Consumer Attitudes toward Debt - US - November 2017
"While half of consumers believe that taking on debt is a bad decision (regardless of type), US consumers continue to add to the overall debt total. Most are confident in their ability to make debt payments, but financial services are still charged with providing additional education and insight to help consumers understand what they need to pay back, and in what timing. Paying down debt is a top financial priority, and FSIs (financial service institutions) can make it easier by providing new technology and ways to make consumers feel more in control of their debt payment strategy."
- Jennifer White Boehm, Associate Director - Financial Services
This Report looks at the following areas:
- Consumers see hierarchy of debt
- Half of consumers still see debt in a negative light, no matter the type
- Nearly half of consumers significantly stressed by their debt
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