Who’s been peeking at my credit card bill?
Wait until they’ve removed cash and every purchase made comes with a small fee.
If you can’t pay cash, you can’t afford it.
Seriously.
Debt is theft from your future self.
I spent the first several years of my 30’s paying off my 20’s and since then I am glad to say I have contributed $0 to this credit card debt.
“Americans continue to make the same horrendous financial mistakes over and over again.”
Ladies and gentlemen, I give you Barack Obama.
Maybe some of these people have to use a credit card and maybe they lost a good paying job and got an Obama 30 hr. a week job
and are having a hard time paying the cards off.
That long list looks like fodder for a few Trump campaign commercials. Of course, the GOP has done absolutely nothing to differentiate themselves from the Democrats, so they probably won't benefit, but Trump will if he handles it right.
A nation of credit abusers, a credit abusing nation ... these go hand in hand.
Without the former all the bat **** crazy in DC wouldn’t be reelectable, maybe not even electable in the first place.
But the former is probably not the real root cause. Rather, just as the society reminds me of Romans 1:18-32 it also reminds me of Haggai 1:6 “You earn wages, only to put them into a purse with holes in it.” which, not coincidentally, also came about because folks were more concerned for their kingdom than His, even if they had not gone as far as those described by Romans and had cast aside knowing God for a fistful of pleasures.
Wow! More than in 2009, 2010 and 2011, put together?
Must be a lot!!!
In 2008, credit card debt was $1004.4 billion.
In 2009, credit card debt was $916.4 billion.
In 2010, credit card debt was $839.5 billion.
In 2011, credit card debt was $841.2 billion.
In 2012, credit card debt was $845.9 billion.
I added an extra year, just for the hell of it.
In 2009, cc debt was reduced by $88 billion, reduced by $76.9 billion in 2010, increased by $1.7 billion in 2011 and increased by $4.7 billion in 2012, the (extra year), for a total reduction of $158.5 billion. Any increase is going to be more than a decrease of $158.5 billion.
Source below.
http://www.federalreserve.gov/releases/z1/current/annuals/a2005-2015.pdf
Page 120. Under L.222 Consumer Credit
$3,000 in credit card debt for every man, woman and child.
So glad I owe nobody nothing. Cash is king!
the gall of anyone complaining about Americans when the country has 20 times that.
The article mentioned nothing about flipping balances on credit cards. If you gave good credit and good financial management, it’s the easiest and cheapest loans available at 2% interest per year.
Forgive credit debt,Forgive credit debt!
Our service based economy runs on debt. Federal and personal. Got to buy that slave labor crap from China you know.
>>>”In America today, 37 percent of all households maintain credit card balances from month to month, and the average level of credit card debt for those households is $15,700.”
So 63% of households pay their CC in full every month? That doesn’t sound so bad.
>>>”Average level of CC debt for those who don’t $15,700?”
That sounds pretty bad.
A trillion dollars at 29% interest......