• Rodeo
    link
    fedilink
    arrow-up
    3
    ·
    1 year ago

    Reflecting on their current debt situation, more households rate their current situation as much worse than it was one (20%, +2 pts) and five years ago (25%, +3 pts) compared to the previous quarter (20%). Looking into the future, more believe their debt situation will worsen over the next year (18%, +3 pts) and five years from now (16%, +2 pts). Fewer also see any potential for improvement over the next five years (35%, -2 pts).

    Emphasis mine.

    This is just another self-reporting survey. I want to see actual data. When you cross average household debt with average household income, what does that look like?

    We don’t need anymore self-reporting studies.

    • Showroom7561
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      Yeah, self-reporting sucks in most cases. It could be valuable in this case, for example, if the people self-reporting are actually money-smart and not just guessing.