April 2011: Debt

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April 2011: Debt

By Bankrate.com

Q:

How do you feel about the amount of debt you have compared to 12 months ago?

The number of people more comfortable with debt fell sharply from March's 24 percent.
At 22 percent, men were more likely to report feeling more comfortable than women, at 15 percent.
However, equal proportions of men and women reported feeling less comfortable: 26 percent.

Kim McGrigg

"Consumers are feeling increasingly uncomfortable with their level of debt."

In the past month, the number of consumers who are uncomfortable with their level of debt has increased while the number of people who are comfortable with their level of debt decreased. The only exceptions to this are for college graduates and consumers who earn more than $75,000 per year. The discomfort many consumers are feeling mirrors the way they are feeling about the economy in general. In addition to being uncomfortable with their level of debt, consumers are concerned about the job market and increasing gas and food prices.

- Kim McGrigg, media relations manager, Money Management International credit counseling agency

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Posted: April 25, 2011

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