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We'll Talk About Sex, But Not THIS

07-09-2008 - 21:00
We're more likely to talk about sex, our weight, our age, religious views and even our most personal health problems than we are about our credit card debt. Call it the last, great American taboo. According to a poll conducted by GfK Roper Public Affairs and Media for CreditCards.com, 82 percent of U.S. adults are reluctant to openly discuss their credit card debts, followed by 78 percent who said sex was the most off-limits as a topic of conversation.

We're not talking Bill Gates rich. But if you want to build real personal wealth, just do this one thing.

Top 10 taboo topics we don't want to discuss:
1. Credit card debt
2. Sex
3. Salary
4. Monthly mortgage or rent payments
5. Health problems
6. Death of a loved one
7. Weight
8. Religious views
9. Political views
10. Age

Spend money on THIS and you'll be happier in life.

"We're surprised to find that people are more comfortable talking about the death of a loved one than discussing their credit card debt," said Ben Woolsey, Director of Marketing and Consumer Research for CreditCards.com. "Talking about credit card debt is an overwhelming social taboo. There is a social paradox happening. People who are faced with credit card debt are unwilling to face their financial issues and therefore may be leaving it unresolved."

Find out the No. 1 reason couples fight over money. If THIS describes your personality, you might be better off staying single.

This is what your friends don't want you to know about their credit card debt:
--35 percent say they carry a balance on their credit cards, while 51 percent say they do not. (Ten percent said they don't have credit cards, and 5 percent didn't know if they had a balance.)
--80 percent of those who say they don't carry a balance are still unwilling to discuss their credit card debt.
--The higher the income, the greater the chance there is a credit card balance. Fully 44 percent of those with annual household incomes over $50,000 carry a balance, compared with 30 percent who have lower incomes.

Allstate Insurance has figured out the financial personality of each Zodiac sign. But only one does it better than all the others.

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