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GOBankingRates
GOBankingRates
David Nadelle

Americans Are Divided on Whether You Can Be Wealthy While in Debt: Here’s What the Experts Say

damircudic / iStock.com

We are conditioned to think that all debt is bad, made to feel bad about borrowing and taught that achieving freedom can be done only through eliminating all liabilities using the most aggressive means possible.

According to a recent LendingTree survey, 34% of Americans believe that you can’t be considered wealthy while you have debt. Of the 66% who believe it’s possible to be rich while you owe money, 31% feel that the debt has to be tied to a mortgage.

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