A new survey has found that the average American has over $54,000 worth of debt – debt that many would do anything to get rid of.
This is according to the survey conducted by market research company OnePoll on behalf of debt resolution firm Beyond Finance. The survey found that the average poll taker had about $54,767 worth of debt, with more than half – 56 percent – saying they owe more due to the need to pay for necessities, rather than due to unnecessary purchases. (Related: Inflation remains a problem for middle- and lower-income Americans as Biden’s Federal Reserve keeps raising interest rates.)
This massive debt is preventing these Americans from making significant life changes. Thirty-three percent said it is preventing them from buying or putting down a mortgage for a home. Thirty percent said it is preventing them from buying a car. Twenty-four percent said it is preventing them from setting up a proper savings plan for the future of their children.
“Debt can sometimes deter people’s short- and long-term goals for themselves and their families,” said a spokesperson for Beyond Finance in a statement. “Learning to manage it effectively can be life-changing, but 49 percent admit to feeling anxious about their debt, which may make it challenging to focus on finding solutions.”
The biggest debt hurdles people have include credit card debt (57 percent), mortgages (30 percent), auto loans (30 percent) and medical debt (28 percent).
Many of the respondents said some of this debt was worth it to accrue. These include mortgages for 38 percent of respondents, car loans for 33 percent and home improvements or repairs for 28 percent.
The average American would do almost anything to be debt-free
When asked what Americans would be willing to do to be completely debt free, 32 percent said they would be willing to give up social media for a year. Thirty-one percent said they would be willing to spend a night on a remote island. Twenty-nine percent even said they would be willing to give up all internet access for a month just to be debt-free.
When asked what they would do if they woke up debt-free, 32 percent said they would immediately put more money into their emergency funds. Twenty-seven percent said they would buy their dream home. Twenty-six percent said they would take that long-postponed vacation.
Many others gave a variety of answers, including people who said they would pursue a different career, start a business, put more of their money into the education funds of their children and help their parents with their debts.
While becoming debt-free would be a welcome reprieve, many of the survey respondents with debt believe they could only stay debt-free for eight-and-a-half weeks, or about two months, before circumstances would force them to accrue new debt.
This is of course not true for all survey respondents, with 38 percent saying they felt “very confident” in their ability to remain out of debt. However, most were not so sure.
The most uncertain respondents gave a variety of answers as to why they feel they might have to take on more debt, including the rising cost of living (54 percent), unexpected expenses like emergencies (46 percent), rising Federal Reserve interest rates (29 percent), not having enough support from friends or family (20 percent) and feeling the pressure to keep up with the spending habits of others (16 percent).
Many of the respondents are also seeking support to manage their debt. A little under a third of respondents – 31 percent – are getting support from their families.
However, only 29 percent said they were “very confident” in their ability to pay off their current debts on time, with 41 percent saying it could take them years of hard work to be fully debt-free. Furthermore, more men (41 percent) than women (19 percent) said they were confident in their ability to pay off their debts on time.
“Choose a debt resolution program that’s personalized to your needs and helps you keep track of your progress,” advised Beyond Finance’s spokesperson in the company’s statement. “Seeing your debt gradually diminish is a great way to stay motivated on the path to becoming debt-free.”
Learn more about the debt issues plaguing the United States at DebtCollapse.com.
Watch this episode of InfoWars as Royce White discusses why America’s debt needs to be handled as a matter of national security.
This video is from the InfoWars channel on Brighteon.com.
More related stories:
- US home foreclosures SURGE as inflation continues to soar and incomes decline.
- Corporate America reports biggest slump in profits in years, a sign that recession may just be months away.
- Number of Americans defaulting on subprime auto loans nearing levels not seen since Great Recession.
- Survey: 75% of people in Joe Biden’s America believe the country’s economy is GETTING WORSE.
- The American economy cannot afford another four years of a Biden presidency.
Sources include:
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.