Credit card spending the leading reason why 78% of Americans have debt regret: survey

Credit card debt is always on the minds of some Americans, according to a recent survey. (iStock)

A majority of Americans feel financial regret as personal debt soars to new highs, a recent survey said.   

Roughly 78% said they had a financial regret, with 21% saying they most lamented “charging up too much credit card debt,” according to the Debt.com survey.  Millennials regret their credit debt the most, and 45% said they feel guilty about “charging too much on their credit cards.” Baby boomers were the least concerned, with only 10% feeling regret over credit card debt despite having the most of it. Nearly 24% of baby boomers have $30,000 to $50,000 in credit card debt.  

Moreover, 49% of the respondents said their regrets about credit card debt are “always on their mind.” More than 1 in 4 (26%) of respondents regret running up balances have $15,000 to $30,000 in…

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