July 08, 2008
Austin, TX, July 8, 2008 -- A consumer information poll today reported that that Americans are more likely to talk about their weights, ages, religious views and even their health problems, than they are willing to talk about credit card debt.
According to the poll, conducted by GfK Roper Public Affairs and Media for CreditCards.com, the leading online source for consumer credit card information, eight out of 10 adults (82 percent) are reluctant to openly discuss their credit card debts with someone they just met.
The CreditCards.com poll found that details of your love life were second, with 78 percent of respondents saying they were somewhat or highly unlikely to broach the topic of their personal relationship. Respondents were also unlikely to discuss: salary (77 percent), monthly mortgage or rent payments (69 percent), health problems (58 percent), the death of a loved one (49 percent), your weight (47 percent), views about religion (37 percent), political views (36 percent), your age (26 percent), the price of a tank of gas (13 percent) and the weather (8 percent).
"We're surprised to find that people are more comfortable talking about the death of a loved one than discussing their credit card debt," said Ben Woolsey, Director of Marketing and Consumer Research for CreditCards.com. "Talking about credit card debt is an overwhelming social taboo. There is a social paradox happening -- people who are faced with credit card debt are unwilling to face their financial issues and therefore may be leaving it unresolved."
In addition, the CreditCards.com poll also found:
To see full poll results, go to http://www.creditcards.com/credit-card-news/talk-about-credit-cards-the-new-taboo-1276.php
The survey was conducted from June 27-29, 2008, by GfK Custom Research North America on behalf of CreditCards.com, via random digit dialing phone interviews with 1,000 interview subjects. Interviewees were approximately split between males and females ages 18 and over, with 562 females and 438 males surveyed. The raw data was then weighted by a custom designed computer program that automatically developed a weighting factor for each respondent, employing five variables: age, sex, education, race and geographic region. The total margin of error on weighted data for the full sample is plus or minus 3 percentage points at the 95 percent confidence level.
CreditCards.com is a leading online credit card marketplace, bringing consumers and credit card issuers together. At its free Web site, consumers can compare hundreds of credit card offers from the nation's leading issuers and banks and apply securely online. CreditCards.com is also a destination site for consumers wanting to learn more about credit cards, offering advice, news, features, statistics and tools -- all designed to help consumers make smart choices about credit cards. In 2007, more than 12 million unique visitors used CreditCards.com to search for their next credit card.
Ben Woolsey is director of marketing and consumer research for CreditCards.com and offers his perspective gained from a 20-year financial services career, which involved the design of reward programs and the marketing of consumer and business credit cards for several of the nation's largest issuers.
Ben Woolsey, 512-996-8663, ext. 106
Director of Marketing
NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to CreditCards.com.