April 11, 2012
Credit Card Statistics
Credit card debt in the US is a significant portion of consumer debt, amounting to almost $2.00 Trillion in debt. That figure is staggering considering that the Federal Financial Budget in the US is approximately $2.5 Trillion annually.
Courtesy of CreditDonkey.com this infographic illustrates consumer credit card statistics, consequences of varying levels of payments on credit cards, and credit score impacts.
Highlighting some of the credit card statistics:
- 156 Million credit card holders
- 54 Million households with credit card debt
- 1.25 Trillion credit cards issued
- $1.994 Trillion total credit card debt
The infographic below includes the impacts of varying levels of monthly payments on the credit cards, raising the facts that higher principle payments result in a shorter duration to payoff credit card debt and less interest charges.
Source – Credit Card Statistics Infographic – Creditdonkey.com
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