Those struggling to find work (about 35 million Americans at the
end of 2012) are more likely to look down their noses at your
credit card debt, according to a July 2013 report, "
Lifestyles of the Under- and Unemployed
" from Mintel.
The online survey of 2,000 adults asked participants for their
attitudes about debt. Respondents with steady employment were more
likely to be flexible about deferred financial obligations and have
an enjoy-now-pay-later attitude about credit cards. Those hurting
for work, though, were more likely to consider debt "dangerous" and
say that having it is never a positive thing. The under- and
unemployed in the 18-to-44 age bracket were particularly critical,
the survey found. They were 5 percent more likely than survey
participants as a whole to label those who carry credit card debt
The survey attributes these harsh views to the anxiety the
under- and unemployed have about their finances. The especially
jaded attitude among the 18-to-44 age bracket stems from the fact
that this age group was hardest hit by the recession.
The chart below shows attitudes about debt by employment
Dealing with credit card debt after being laid
To use the graphic on your site, use the following
alt="CreditCards.com infographic: Unemployed and under-employed
more critical of debt" border="0"