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1 in 4 credit card debtors believes they will never be free of debt

UNITED STATES, JUL 16 – Nearly 25% of U.S. credit card debtors doubt they will repay their debt amid rising interest rates and emergencies, with 60% carrying debt for over a year, Bankrate reported.

Summary by Fox 10 Phoenix
A new survey finds 23% of credit card debtors believe they’ll never be debt-free, with most citing emergency expenses and everyday costs as the main cause.

11 Articles

Lean Right

Unemployment, divorce, sickness. These are the most common causes to fail to pay credit.

·Portugal
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The Globe & MailThe Globe & Mail
+5 Reposted by 5 other sources
Center

More than 1 in 4 Canadians (27%) Say They Can’t Pay All Their Bills at a Time When Millions Face Mortgage Rate Increases – TransUnion Study

GlobeNewswire Press Release.

·Canada
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Bias Distribution

  • 60% of the sources lean Left
60% Left

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Fox 10 Phoenix broke the news in on Wednesday, July 16, 2025.
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