32% Owe More Money Than Last Year
Sunday, November 20, 2011
At a time when confidence in the nation’s banking industry
is at an all-time low, the number of Americans who say they owe more money than they did last year ties its all-time high.
The latest Rasmussen Reports national telephone survey of American Adults shows that 32% owe more money today than they did a year ago. That’s up from 27% in October and matches a high last reached in October 2009. This finding has fallen as low as 23% in surveys since April 2009.
Now, 28% say they owe less money than they did a year ago, down six points from last month and the lowest finding since October 2009. Thirty-six percent (36%) say they owe about the same amount of money. (To see survey question wording, click here.)
Twenty-six percent (26%) say the interest rates they’re paying are higher than they were a year ago, while 22% say they are lower. Forty-six percent (46%) say they’re paying about the same amount in interest as they were a year ago. Since 2009, the number of adults who report paying higher interest rates compared to the previous year has ranged from 21% to 32%.
(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 American Adults nationwide was conducted on November 11-12, 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.
Rasmussen subscribers can log in to read the rest of this article.
8-Weeks FREE to our top-tier Platinum Service Subscription. Limited Time Offer > Sign Up Now!
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.