Survey: Americans prefer keeping debt to gaining weight

12:25 PM, Aug 13, 2013   |    comments
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(Graphic courtesy USA TODAY)

(ATLANTA BUSINESS CHRONICLE) -- Which would you prefer to be fat - your body or your debt?

Personal finance company Credit Karma and Harris Interactive did a survey recently and asked Americans if they would rather keep their current debt or gain 25 pounds and be completely debt free.
A whopping 72 percent said they'd rather keep their current debt then put on the pounds.

The survey also found:

Forty-three percent agreed with the statement "How much I weigh is more important than how much debt I have." Women were less likely to agree with this statement than men (38 percent vs. 49 percent), disputing a traditional stereotype about women and their weight.

Nearly two-thirds of adults (64 percent) think about their physical appearance, more than their debt. 68 percent of women were more likely to agree with this statement than men (61 percent).

Roughly one-third (35 percent) worry about how they look, more than the debt they are in. Young adults (18-34 year olds) are more likely to worry about their looks, compared to those 55 and up (36 percent vs. 28 percent).

When asked which they care more about, 70 percent care more about their physical health, than their financial health.

Older adults (78 percent of those 55 and older) value their physical health more.

A spokeswoman for Credit Karma released data on Tuesday about the latest numbers on debt including credit cards, student loans, auto loans, mortgages and credit scores. 

Nationally, the average customer with an account had:
• $4,511 in credit card debt
• $162,300 in mortgage debt
• $16,773 in auto loan debt
• $28,524 in student loan debt
• A credit score of 644


(Atlanta Business Chronicle)

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