US Credit Card Ownership Oct02

US Credit Card Ownership

According to this report credit card ownership rate for the Americans is about 1:3,5 with a whopping total of 1,5 billion cards in circulation. On average, at early 20’s is the time when a person enters the plastic world.

American Spending Trends

The average American is over $8,000 in debt, which is up dramatically from a whopping $48 in the 1940s! See a breakdown of Americans’ average monthly spending across the various product and service categories and get an idea of the average debt burden due to uncovered overspending.


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