Study: some think debt is worth it for appearance of luxe life - KWWL - Eastern Iowa Breaking News, Weather, Closings

Study: some think debt is worth it for appearance of luxe life

Posted: Updated:

A new study finds some Americans are willing to go into debt to project living large.

According to a study released this week by banking app Fintonic, one in eight Americans is willing to take on $1,000 or more in debt to depict an extravagant lifestyle.

One in ten Americans making $80,000 or more a year is willing to take on more than $5,000 in debt to portray their life as luxurious.

The study surveyed 1,100 American adults online and concluded that the more money one has, the deeper they're willing to delve into the red.

Those making more than $80,000 were twice as likely to go into debt to project a luxe life.

Powered by Frankly