Americans Owe Less, Worry Less About Rising Interest Rates
Tuesday, July 23, 2019
Americans aren’t complaining as much about higher debt these days and are much less likely to see higher interest rates on the horizon.
A new Rasmussen Reports national telephone and online survey finds that just 19% of American Adults say they owe more money than they did a year ago. This compares to 34% five years ago and is the lowest finding in surveying since early 2009. Thirty-seven percent (37%) say they owe less than they did last year at this time, while 39% say their level of debt is about the same. (To see survey question wording, click here.)
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The survey of 1,000 American Adults was conducted on July 11 and 14, 2019 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.
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