Americans In Debt Interview with WINS Radio New York
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Wednesday, December 9, 2015 with WINS Radio New York about the December 2015 Americans In Debt survey. The interview and transcript are below.
Interviewer: A lot of Americans with credit card debt don’t think they’ll ever be able to pay it off.
Matt Schulz: What we found in our survey is that the number of Americans who say they have no debt is growing, but so is the number of people with debt who say they’re never going to get out.
Interviewer: That’s Matt Schulz, he’s an analyst at CreditCards.com. He says 21% of those with credit card debt indicated that they’ll probably die before they can pay it off. That’s up from just 9% a couple of years ago. On the other hand, 22% of Americans said that they had no credit card whatsoever, and that’s up from just 14% last year.