New High: 40% Owe Less Money Than They Did A Year Ago
Thursday, May 17, 2012
More Americans than ever now say they're less in debt than they were this time last year, but a plurality still expects higher interest rates in the near future.
Forty percent (40%) of adults now say they owe less money than they did a year ago, according to a new Rasmussen Reports national telephone survey. That's up seven points from last month and is the highest finding since tracking on the question began in April 2009.
Twenty-four percent (24%) still say they owe more money than a year ago, and one-in-three (32%) owe about as much as they did this time last year. These numbers are generally in line with findings for the past few years. (To see survey question wording, click here.)
The survey of 1,000 American Adults nationwide was conducted on May 11-12, 2012 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.
Rasmussen subscribers can log in to read the rest of this article.
Save 60% on 13 months of Rasmussen Reader service – Just $24.95! >Limited Time Discount Offer
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 $4.95 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.