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Gallup Examines Credit Card Debt in America

Wow that was a long title.. but anyway it”s true, a recent survey done by Gallup examines the trends of the Average American consumer when it comes to credit card debt. What did they find? Here we go:

Gallup Poll Results:

  • 43% of Americans pay in full
  • 17% usually pay full amount
  • 25% usually leave balance
  • 12% usually pay minimum amount
  • 42% carries no balance
  • 8% carries $500 or less in balance
  • 6% carries $500 to $1,000 online casinos in balances
  • 6% carries $1,000 to $2,000 in balances
  • 11% carries $2,000 to $5,000 in balances
  • 10% carries $5,000 to $10,000 in balances
  • 9% carries more than $10,000 in balances

I suppose I fall under that 43%, using my credit card to collect reward points buying things like food and gas (my Hyundai gets good mileage, it just needs to last a few years beyond August so I can pay for my next car in full!). Where do you fit in?

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