{"id":42232,"date":"2007-02-07T00:00:00","date_gmt":"2007-02-07T05:00:00","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2007\/02\/07\/iv-debt-problems\/"},"modified":"2024-04-14T03:31:13","modified_gmt":"2024-04-14T08:31:13","slug":"iv-debt-problems","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/iv-debt-problems\/","title":{"rendered":"IV. Debt Problems"},"content":{"rendered":"<figure><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" style=\"margin: 10px;border: 1px solid #666666\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/legacy\/308-interior.gif\" alt=\"Figure\" width=\"295\" height=\"659\"><\/figure>\n\n<p class=\"wp-block-paragraph\">About one-in-seven Americans (14%) report that at some point in their lives they experienced debt problems serious enough to have caused them to file for bankruptcy or to use a credit consolidator.<\/p>\n\n<p class=\"wp-block-paragraph\">Those with annual family incomes of $100,000 or more are less likely than other income groups to have experience with these kinds of debt problems.<\/p>\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/310-3\/\">People who make payments on their credit card bills<\/a> are more likely to have had a problem with debt than are those who don&#8217;t use credits cards and those who pay their credit card bills in full each month.<\/p>\n\n<p class=\"wp-block-paragraph\">Similarly, <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/310-3\/\">homeowners who have one or more loans<\/a> (for example, car loans, mortgages and second mortgages) are more likely than homeowners with no loans to have had a problem with debt.<\/p>\n\n<p class=\"wp-block-paragraph\">The age group most likely to report having had a problem with debt are those in a broad range of middle years &#8211; from ages 30 through 64. Adults both younger and older than that are less than half as likely to report having had a problem with debt.<\/p>","protected":false},"excerpt":{"rendered":"<p>About one-in-seven Americans (14%) report that at some point in their lives they experienced debt problems serious enough to have caused them to file for bankruptcy or to use a credit consolidator. Those with annual family incomes of $100,000 or more are less likely than other income groups to have experience with these kinds of [&hellip;]<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"bylines":[],"acknowledgements":[],"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[],"tags":[],"bylines":[],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[519],"workflow-status":[],"class_list":["post-42232","post","type-post","status-publish","format-standard","hentry","formats-report","research-teams-social-trends"],"label":false,"post_parent":42199,"word_count":172,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/iv-debt-problems\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[{"id":42199,"title":"What Americans Pay For \u2013 and How","slug":"what-americans-pay-for-and-how","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/","is_active":false},{"id":42210,"title":"II. 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Cash, Check, Debit or Credit?","slug":"vi-cash-check-debit-or-credit","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/vi-cash-check-debit-or-credit\/","is_active":false}],"report_materials":[{"key":"a58a274f-41b3-46d0-a5fc-8344f17ebca9","type":"report","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2010\/10\/Expenses.pdf","label":"","icon":"","attachmentId":""},{"type":"dataset","id":1103,"label":"Personal Finance\/Social Trust","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/dataset\/personal-financesocial-trust\/"}],"report_pagination":{"current_post":{"id":42232,"title":"IV. Debt Problems","slug":"iv-debt-problems","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/iv-debt-problems\/","is_active":true,"page_num":4},"next_post":{"id":42239,"title":"V. 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