Time consumers expect to remain in non-mortgage debt in the U.S. 2021-2023

Published by
Fernando de Querol Cumbrera,
Jul 21, 2023
In 2022, around 43 percent of Americans said that they expected to be in debt for another one to five years, whereas 12 percent expected to remain in debt for the rest of their lives. There is also an important share of respondents who did not know how long they would continue to pay their debt. The average amount of personal debt held in the U.S. has been decreasing since 2018.

Number of years consumers expect to remain in non-mortgage debt in the United States from 2021 to 2023

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

July 2023

Region

United States

Survey time period

2021 to 2023

Number of respondents

1,776 respondents

Age group

18 years and older

Special properties

respondents with some debt

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "How many more years do you expect to be in debt?"

The figures were obtained from several editions of the same annual survey. The date and number of respondents of each survey are as follows:

  • 2021: March 16th to 26th;1,543
  • 2022: February 8th to 17th; 1,581
  • 2023: February 17th to March 2nd; 1,776

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Personal debt in the United States "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Personal debt in the United States

Overview

5

Overall consumer lending

4

Mortgage debt

4

Car loan debt

4

Credit card debt

5

Student loan debt

4

Buy now, pay later (BNPL)

3

Loan delinquency

5

Further related statistics

17

Further Content: You might find this interesting as well

Statistics

Topics

Personal debt in the U.S.National debt of the U.S.Credit cards in the United StatesMedical debt in the U.S.Public debt in Latin America
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.