Americans More Focused on Shrinking Their Waistlines Than Shrinking Their Debt
Bankrate has announced the results of its annual New Year's Resolution poll.
According to a national survey conducted by Roper for Bankrate, 36% of Americans polled are focused on weight loss as opposed to 31% who are concerned with eliminating outstanding debt. This is a significant change from the 2003 poll in which 37% of those polled were more concerned about their debt, while only 29% were concentrating on losing weight. In fact, this is the first time in the three years that Bankrate has conducted the survey that Americans have chosen weight loss over controlling debt as their New Year's Resolution.
The survey reveals that the average amount of debt Americans polled need to pay off is $11,288, which is slightly less than the 2004 survey result of $11,895. Men are more focused on money matters than women, coming in at 34.1% as opposed to 32.5%.Participants were also asked how much weight they would like to lose in 2005. The average desired weight loss is approximately 23 pounds. Women rank higher in this category with the hope of losing 23.9 pounds. Men want to lose an average of 21.3 pounds.
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