That was a survey question posed by Credit Karma to 2,000 Americans earlier this year. A staggering 72% (yes, you read that correctly) SEVENTY-TWO PERCENT, would rather gain 25 pounds than deal with debt!
The results of the survey also showed that 43% of adults think their weight and physical appearance is more important than debt with the majority of that number being between the ages of 18-34. Contrary to conventional beliefs, more men than women agreed with that statement!
Between credit cards, mortgages, auto loans and student loans, the survey respondents averaged $128,000 in debt. According to the Federal Reserve, Americans owe more now than ever, to the tune of $2.84 trillion in total debt.
I asked a few friends this question and got some mixed responses:
- I can keep my debt/finances private but I can’t hide my weight gain.
- If I gained weight, I would have to buy new clothes, probably have some medical problems – all would lead to more debt – that’s a lose/lose situation.
- You bet I would gain the 25 pounds to get rid of debt because I would hire a personal trainer to get back in shape.
- Definitely the debt. Our physical appearance gets judged more harshly than our finances.
Staying physically and financially healthy are daunting tasks, but I don’t think you have to choose between the two. Both are equally important. Extra weight and debt will stick around if you do nothing about them.
We don’t have tough personal trainers here at Unison, but we do have smart Financial Services Representatives that can help make your debt look better. Check out the Borrowing tab on our website, unisoncu.org, for more info!