20% of Americans Fear They'll Never Escape Credit Card Debt

According to a new survey by Lending Tree, 20% of Americans fear that they will never escape their credit card and other non-mortgage related debt and will be stuck with it for the rest of their lives. That’s depressing. Elizabeth Warren at Credit Slips says:”Lending Tree tries to put a happy face on some of the data (most people “perceive themselves as some day being debt free”), but I didn’t feel any better when I read it.” Yeah, we don’t feel any better either.

The survey is worth a read though, interested readers should head over and take a look. —MEGHANN MARCO

Lending Tree Smart Borrower Survey [Lending Tree via Credit Slips]
(Photo: Spidra Webster)