If it's in the News, it's in our Polls. Public opinion polling since 2003.


New High: 62% Expect To Pay Higher Interest Rates Next Year

Wednesday, August 17, 2011

More Americans than ever predict they will be paying higher interest rates a year from now, despite the fact that most say they’re paying about the same in interest as they were last year.

The latest Rasmussen Reports national telephone survey shows that 62% believe their interest rates will be higher one year from now. That’s up five points from July and up 28 points from April 2009. Prior to this most recent survey, expectations of higher interest rates had never topped 59%.

Just seven percent (7%) expect their rates to be lower in a year’s time, while 24% expect to be about the same as they are now. (To see survey question wording, click here.)

But only 25% say they’re paying higher interest rates now than they were a year ago, down from 29% last month. This finding has ranged from a low of 22% in May and April to a high of 32% in October 2009.

Just 11% say they are paying lower interest rates than they were a year ago. Most (57%) say they are paying about the same in interest as they were last year, the highest finding in two years.

Fortunately, fewer adults owe more money than they did last year. Twenty-five percent (25%) now say they owe more now than they did a year ago, down from 28% last month and tying the lowest finding to date. Thirty-one percent (31%) say they owe less than they did a year ago, showing no change over the past month but is below results found earlier this year.

A plurality (39%) says they owe about the same amount of money now as they did a year ago.

(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Adults was conducted on August 8-9, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.


Become a member and get full access to all articles and polls starting at $3.95/month.

Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.

We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.

Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $3.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.

To learn more about our methodology, click here.