35% of Americans have debt reported to collection agencies

Updated: Tuesday, July 29, 2014
35% of Americans have debt reported to collection agencies story image

(NEWSCHANNEL 3) - A new study shows many Americans are in the same financial boat.

A study from the Urban Institute shows more than 35 percent of Americans have debt and unpaid bills that have been reported to collection agencies.

Consumers are falling behind on everything from credit cards to hospital bills, mortgages and are even past due on gym memberships.

According to the Washington-based think tank, the share of Americans in collections has remained relatively constant since 2009.

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