Abandoning Mortgage Acceptable to 36% in U.S., Pew Survey Says
This article is for subscribers only.
More than one-third of Americans say it’s acceptable under some circumstances to stop paying a mortgage and walk away from the home, a survey by the Pew Research Center found.
While 59 percent of those surveyed said it’s “unacceptable” to abandon a home loan, 19 percent said it was “acceptable” and another 17 percent said it depends on the circumstances, an answer that wasn’t on the survey, said Rich Morin, a Pew Research senior editor in Washington. Of the respondents, 63 percent own homes and 31 percent are renters.