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Daily Time Americans in Debt Spend Worrying About Debt: 198 Minutes;Time Spent for Financial Planning: 5 Minutes

Or Each Month, Americans in Debt Spend 2.6 Hours on Financial Planning and Budgeting; And 99 Hours Worrying About Debt

Norwalk, CT (PRWEB) December 2, 2010

AOctober 25 to November 21, 2010 survey of 1,000 Americans 18+ revealed that 57% of Americans consider themselves in debt.Americans in debt spend 198 minutes a day worrying about debt and only 5 minutes a day planning and budgeting finances.This number excludes the normal monthly task of paying the bills.On a monthly basis, the average American in debt spends 99 hours worrying about debt and 2.6 hours on financial planning and budgeting.*

According to , , "Many Americans in debt are frozen in their tracks when it comes to managing finances.They are clearly concerned about it, and take little action.Just paying the bills does not help plan for retirement, or plan your way out of debt."

Consumers in debt were asked, "Besides paying your bills, how much time do you spend each month on financial planning (for example: building your household budget, planning for retirement, checking stocks, etc.)?"

Hours per month    TotalLess than 1 hour     53%1-5 hours                 36%6-10 hours                7%11-20 hours                1%More than 20 hours    2%Average hours         2.6 **

**2.6 hours per month = 156 minutes per month/ 30 days per month = 5.2 minutes per day.

Consumers in debt were also asked: On an Average Day, How Many Hours Do You Spend Thinking/Worrying About Your Debt?

Hours per day        TotalMore than 10            9%4-10 hours            13%1-3 hours                63%zero hours            15%Average hours        3.3***

***3.3 hours per day = 198 minutes per day (times) 30 days = 5,940 minutes/60 = 99 hours per month.

On average, consumers spent 3.3 hours a day, or roughly 14% of a full day, worrying/thinking about debt.Nearly 1 in 10 consumers spend more than 10 hours a day on debt concerns.

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FreeScore.com is the leading online consumer credit site, providing consumers with affordable, unlimited access to all three of theirand complete credit profile. Launched in 2009 with an award-winning advertising campaign featuring actor, economist, and lawyer, Ben Stein, FreeScore.com has serviced more than 750,000 members. Members have unlimited access to their credit scores from all three bureaus, a complete credit profile, and expert tips, articles, videos and other educational information about credit management. FreeScore.com is a product of FYI Direct.For more information, go to .

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*The survey was conducted by Survey Sampling International.The data for FreeScore.com survey was collected and analyzed in October/November 2010 through Survey Sampling International in Shelton, Connecticut. Results have a margin of error +/- 5%.

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Aaron Berger9173558959Email Information