68% of Americans in debt doubt they’ll ever pay it off, by Jade Scipioni.
More than 68% of U.S. adults polled by CreditCards.com said they doubt they will be able to completely pay off their debts … Additionally, 30% believe they’ll never be debt-free and another 38% don’t know how or when they’ll be able to swipe their slates clean in the future.
However, a more optimistic 32% of Americans said they foresee their credit lines clearing up in an average of roughly nine years. …
The biggest culprit — and worry — is credit card debt. A whopping 35% of adults with plastic — or roughly 31 million Americans — think they “have dug themselves too deep a hole to ever climb out of,” the report said.