Infographic: Unemployment makes consumers critical of debt

Those struggling to find work (about 35 million Americans at the end of 2012) are more likely to look down their noses at your credit card debt, according to a July 2013 report, "Lifestyles of the Under- and Unemployed" from Mintel.

The online survey of 2,000 adults asked participants for their attitudes about debt. Respondents with steady employment were more likely to be flexible about deferred financial obligations and have an enjoy-now-pay-later attitude about credit cards. Those hurting for work, though, were more likely to consider debt "dangerous" and say that having it is never a positive thing. The under- and unemployed in the 18-to-44 age bracket were particularly critical, the survey found. They were 5 percent more likely than survey participants as a whole to label those who carry credit card debt as irresponsible.

The survey attributes these harsh views to the anxiety the under- and unemployed have about their finances. The especially jaded attitude among the 18-to-44 age bracket stems from the fact that this age group was hardest hit by the recession.

The chart below shows attitudes about debt by employment status.

Debt attitudes of unemployed

See related: Dealing with credit card debt after being laid off, More infographics

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 03-22-2019