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?