U.S. personal savings rate has dropped nearly 8.5% in the early 1980’s to less than zero today

The American people owe approximately $6.7 Trillion Dollars in household debt

There’s No Maximum Interest Rate. CC companies state in card holder agreements that they can change your rate without notice.

The average person seeking a credit counselor carries a balance on two credit cards.

Credit card companies earned $55.2B in fees in 2006, up from $54.8B the year before (according to R.K. Hammer).

Very Few Pay Their Cards Off. There are 35 million Americans who only pay the minimum payment on their credit cards

The average rate for standard bank credit cards is around 19%

Interest rates on department store cards can be as staggering as 33%.

84% of college students have credit cards

Over 173 Million Americans own at least one credit card

Target is in the top 10 issuers of credit cards

The first payment-based debt for the average American gets incurred while still in high school

The average american has between $30,000 and $40,000 in outstanding credit card debt. How about you?

Almost 1 in every 100 households in the US will claim bankruptcy.

Typical credit card purchases is 112% higher than if using cash.