Americans see themselves in debt forever, even as they continue to borrow

Although shoppers kept credit card machines busy this holiday season, growing evidence indicates that Americans are starting to feel uneasy about the pile of debt to which we continue to add. A new survey from CreditCards.com finds that more than two in five Americans currently carrying debt don’t know when they’ll pay off those balances — and one in four say they expect their debts to outlive them. “It’s definitely a depressing statistic,” said Ted Rossman, industry analyst for the site. “When we did a similar study back in 2013, only 9 percent never expected to get out of debt, and now it’s 25 percent.”
Read more: https://www.nbcnews.com/business/business-news/americans-see-themselves-debt-forever-even-they-continue-borrow-n956281?source=Snapzu