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Debt Up; Interest Rates, Too?

Friday, January 23, 2015

Americans are sending positive signals about much of the economy, but they still remain deeper in debt than they were last year at this time. They also continue to think higher interest rates are coming on the money they owe.

A new Rasmussen Reports national telephone survey finds that 29% of American Adults say they owe more money than they did a year ago. That's unchanged from December  and consistent with surveying since last summer. But just 23% said they owed more money in January of last year. Thirty-two percent (32%) say they owe less money than they did a year ago, while for 36% their level of debt is about the same. (To see survey question wording, click here.)

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The survey of 800 American Adults was conducted on January 18-19, 2015 by Rasmussen Reports. The margin of sampling error is +/- 3.5 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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