More Americans Prioritize Debt Repayment Over Home Purchasing – NMP Skip to main content

More Americans Prioritize Debt Repayment Over Home Purchasing

Jan 04, 2017
Among the financial New Year’s resolutions being proposed by Americans, debt repayment far exceeds the goal of homeownership

Among the financial New Year’s resolutions being proposed by Americans, debt repayment far exceeds the goal of homeownership.

According to a new survey of more than 1,800 adults released by the National Foundation for Credit Counseling (NFCC), 80 percent of respondents listed paying down debt as their primary financial goal for 2017. Buying a home was a very distant second place, capturing only 10 percent of the respondents’ input, followed by growing personal savings at five percent and purchasing an automobile at two percent.

“It’s a sobering moment when the credit card bill arrives in January and reveals a mountain of debt fueled by holiday spending,” said Bruce McClary, spokesperson for the NFCC. “January is a good time for planning to get debt under control before it becomes unmanageable.”

About the author
Published
Jan 04, 2017
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026