We're more ashamed of credit card debt than weight

A new survey reveals Americans are most embarrassed to admit their amount of credit card debt.

By MSN Money Partner Apr 23, 2014 12:35PM

This post comes from Krystal Steinmetz at partner site Money Talks News.


Money Talks News on MSN MoneyWould you rather tell people your weight or your credit card balance?


A recent survey by the National Foundation for Credit Counseling found that nearly 40 percent of Americans are more embarrassed about their credit card debt than their age, weight, credit score or bank balance. Credit score came in a close second, with 30 percent of the vote.


Overweight © ULTRA.F/Getty ImagesJust 12 percent of respondents said their weight was the most embarrassing. And only 10 percent indicated their bank balance was humiliating.


The results of the NFCC survey are telling, according to Gail Cunningham, NFCC spokesperson.


"Since consumers revealed that the two facts they'd be most embarrassed to admit are related to credit, it is obvious that they are not comfortable with how they are currently managing their money," she said in a statement.


CBS MoneyWatch said credit card debt is still a conversational taboo, likely because of the amount of credit card debt people rack up.

The average household carries $7,087 in credit card debt, with the country's total credit card indebtedness mounting to $854.2 billion. That makes it the third-biggest debt market after mortgages and student loans, notes personal finance site NerdWallet.

I think if it came down to it, I would be most hesitant, and embarrassed, to admit my weight. Does that make me vain? I don't know. I do have some credit card debt, but nothing I'm embarrassed to admit, and my credit score is OK too.


What would you be most embarrassed to admit?


More from Money Talks News

VIDEO ON MSN MONEY

208Comments
Apr 23, 2014 2:34PM
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Kinda goes hand in hand. We can buy a double cheeseburger for $2 but a decent salad costs $11.
Apr 27, 2014 4:44AM
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i am more ashamed of our government debt  and they are 80% collage educated  lawyers causing this problem
Apr 24, 2014 9:32AM
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Don't want to be fat or broke, then change how you live.

Instead of watching commercials and following what the rest of the country is doing, watch rich successful people and do what they do.

1. Stay in shape, not just watch the weight but get exercise as well
2. No smoking
3. No lottery
4. Work and play hard.
5. Pay yourself first, put money aside first thing when getting paid
6. Make all big money decisions automatic, find best cable deal, super insulate your house, get new heating system, put payments on auto pilot, pay extra on the mortgage,  put investments and savings on autopilot.....do this stuff now and then every month you're making progress
without having to think about it...
7. Get out of debt - NOW. If you have credit card debt, pay it off, today....right now. Do whatever you have to today, sell something, stay late at work if you can, eat leftovers, whatever you can do, do it right now...and then stay out of debt.
8. Save and invest for the long term.....you don't see really rich people panicking about the market going up or down every day....invest long term...
9. Keep an emergency fund.....even if you start with just a couple of hundred dollars....the more the merrier
10. Eat real food, not McDonalds, Burger Thing, etc. Jim Rohn said sure you can eat a candy bar today instead of an apple and nothing will happen, but what if you do it every day for 5 years? Life is a marathon, not a sprint. You don't get rich, thin or healthy in one shot.....it's what you do day after day, correct decisions one after the other.......keep at it and you will be successful....

Apr 23, 2014 2:58PM
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I am ashamed that I commented on this worthless article....
Apr 23, 2014 1:54PM
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You can see a persons weight pretty clearly, but can't see their credit card debt.
Apr 27, 2014 6:50AM
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One thing is for sure,  Washington has no shame. In fact.  they are proud of their RECKLESS SPENDING.
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The higher our countries personal credit card debt gets, the worse our government becomes. Far too many people are looking to solve personal finance problems with votes and politicians are always ready to jump on that prey.

The problem is only a little over 50% of eligible voters actually vote in elections. So 100% of the country is falling victim to what 1/3 of the country is voting for. With a growing number of fiscally illiterate citizens actually showing up to vote, how will we ever really get the change we need?
Apr 23, 2014 3:33PM
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greatttttttttt I'm fat and broke.... I loose twice....
Apr 23, 2014 4:16PM
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I read this article because I was so curious how this could be that embarrassing. I guess it shows how shallow the general public is.. Some people are fat because of illness and sometimes it's economic reasons. Cheap food is unhealthy whether you eat a lot of it or a little it's more unhealthy. If you pay attention the rich are usually healthier just based on their resources; they can buy the good food and afford gym membership, spa treatments to maintain health/weight, even plastic surgery etc. Then there's the issue with debt isn't this a general problem in bad economic times? Unless you have huge savings if you are without a job for any long period of time you will have credit debt? Why are we ashamed not everyone who is overweight or in debt is irresponsible, sometimes there are other factors that lead to these circumstances. Meh!
Apr 23, 2014 4:02PM
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Obviously being over weight doesn't bother America or there wouldn't be millions of obese people walking around...duh
Apr 23, 2014 1:49PM
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Our weight doesn't bother us...and we hold 12 credit cards in each tentacle..Spend!  Spend!  Spend!
Apr 23, 2014 1:53PM
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Number of marriages. The rest is trivial.
Apr 23, 2014 3:14PM
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I got this FAT Charging Cheese Burgers and Curly Fries on my Credit Card, so I am equally embarressed about My BIG FAT **** and my BIG FAT CREDIT CARD DEBT.
Apr 23, 2014 2:05PM
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How moronic is this "story"?

To begin with, when someone sees you they pretty much already know your weight and can guess your age, so of course you don't admitting to that, you really can't hide that.
Apr 24, 2014 12:45PM
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There's so many confessions posted here that I thought I had stumbled into a 12 step meeting.

Apr 24, 2014 3:06PM
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$7,000.00 per household average credit card debt? That's insane!
Apr 23, 2014 3:25PM
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They are equally to blame for the bad shape this country is in. No pun intended.
Apr 23, 2014 1:54PM
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I am ashamed of both but the weight is definitely more important and no reason you can't do something about that.
Apr 23, 2014 3:40PM
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Redwoods or prickly pear cactus, which can swim the fastest? 
Apr 27, 2014 10:53AM
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Use my visa card and charge my funeral. Have strong pall bearers I will be heavy.

Ashes to ashes
And dust to dust
He isn't goin back to town
With us.

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