Americans charged $51 billion worth of fast food last year
Archive for category Quick Facts
Americans charged $51 billion worth of fast food last year
about 1/3 of the people filing for bankruptcy owe an entire year’s salary on their credit cards.
about 1/3 of the people filing for bankruptcy owe an entire year’s salary on their credit cards.
It took Montreal 30 years to pay off its Olympic debt of $2 billion, held in 1976!
It took Montreal 30 years to pay off its Olympic debt of $2 billion, held in 1976!
At least one in 10 consumers has more than 10 credit cards in their wallets. That is equal to 304 tons of plastic or 61 Elephants!
At least one in 10 consumers has more than 10 credit cards in their wallets. That is equal to 304 tons of plastic or 61 Elephants!
Americans make over $1.5 trillion dollars worth of credit card purchases annually
Americans make over 1.5 trillion dollars worth of credit card purchases annually.
Most Americans are not saving nearly enough to fund their retirement
Most Americans are not saving nearly enough to fund their retirement
U.S. personal savings rate has dropped nearly 8.5% in the early 1980’s to less than zero today
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
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
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
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)
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
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%
The average rate for standard bank credit cards is around 19% 
Interest rates on department store cards can be as staggering as 33%
Interest rates on department store cards can be as staggering as 33%.
84% of college students have credit cardsSponsors
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