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.
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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.