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24% Say They Are Paying Higher Interest Rates Than A Year Ago

Thursday, March 20, 2014

More Americans say they owe more money than they did a year ago, and the highest number in nearly two years say they are paying higher interest rates.

A new Rasmussen Reports national telephone survey finds that 31% of American Adults owe more money than they did a year ago. That’s up from 28% in February and the highest level measured since November 2012. An equal number(31%) say they owe less money than they did last year at this time, up one point from last month which was the lowest finding since July 2012. Thirty-eight percent (38%) 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 March 15-16, 2014 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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