Nearly Half of People Think They'll Pass on Debt to Loved Ones When They Die
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Julia Glum
Julia Glum
News Editor | Joined February 2018
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Debt may be a fact of life — but it’s quickly becoming a fact of death, too.
Nearly half of Americans expect to outlive their debt, passing it on to their loved ones after death, according to new survey results. What’s more, the data shows that a higher number of wealthy Americans think they'll leave their family and friends with debt than those who earn less, and — despite these concerns — many people who worry about saddling others with their financial obligations have foregone life insurance policies.
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Who might pass on debt when they die
