Survey: More Americans Want To Be Debt-Free
A new survey suggests that paying off debt is becoming a priority for many Americans.
About 39 percent of the adults who responded to the survey paid for by online brokerage TD Ameritrade said being debt-free is part of their definition of success.
Another 29 percent said being able to save money for long-term goals is their idea of financial success.
TD Ameritrade retirement planning director Diane Young says the survey shows the effects the recession of the past couple years has
had.
Young says people who relied on credit cards during lean times are now stuck with debt that's making it hard to save.
Infogroup conducted the phone survey of 1,058 adults in February
for TD Ameritrade. The margin of error is plus or minus 3 percentage points.
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