January 27th, 2010

Wednesday Trends in Credit Cards & Debt

1 Comment

too-much-credit

This eye-opening chart compares overall credit card transactions and credit use across several countries: the U.S leads the pack with a sky-high $1,693 billion in credit card transactions, the United Kingdom trails at 20% that of U.S credit use with $388 billion, and the lowest use of plastic is China with $12 billion. In addition, the visual shows that by the mid 2000s, 80% of American households own a credit card and the average credit card debt hit an all-time high of $10,385. Are Americans too credit-obsessed and debt-heavy? Check out the following roundup with the week’s worth of credit card news and debt tips.

Credit Card News

Debt News

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One Comment

  1. Justine – Thanks for featuring my post! It’s an honor to have that article recognized!

    LeanLifeCoach at 3:38 pm on January 27, 2010

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