Many U.S. consumers seem to be pretending that some of their debts are not really debt.
Researchers at Securian Retirement, an arm of Minnesota Mutual Insurance Companies Inc., St. Paul, Minn., have published that finding in a summary of results from a survey of 2,061 U.S. adult consumers.
About 46% refused to treat one type of debt, such as outstanding balances on credit cards or overdue utility bills, as debt, and 11% of the people with debt do not think of themselves as being in debt, Securian researchers report.