Tuesday, April 23, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Outstanding Balance vs. Personal Income
The avergae cardholder's outstanding balance is $4,400-up 123 percent in only a decade, according to the Nilson Report, while personal income rose 72 percent. Meanwhile, the government recently reported that personal savings have fallen to th lowest monthly level in history.
        Categories:  Credit Card,Balances
        Reporting Pub:  U.S. News and World Report
        Reporting Date:  3/19/2001
        Article Title:  Digging Your Way Out of Debt
        Article Author:  Paul J. Lim and Matthew Benjamin
        Pub's Source:  The Nilson Report
        Source URL: 
 

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