2007-03-26 07:15:05 · 5 answers · asked by tjp0991 1 in Education & Reference ➔ Homework Help
Depends on the person. Smart people don't use a credit-card at all but have one 'just in case'. They use it to rent a car, plane ticket, hotel reservation.
Credit card debt statistics:
United States (April 2005) $735 billion
United Kingdom (July 2004) £55.1 billion
Credit card debt is said to be increasing in the industrialized countries. The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt at present.
2007-03-26 07:33:12 · answer #1 · answered by Puppy Zwolle 7 · 0⤊ 0⤋
Wow. I heard the average person has $9,000 in credit card debt. I try to keep mine at a 0 balance cause I'm poor! If I get up to $400 in one month, I panic.
2007-03-26 14:27:44 · answer #2 · answered by Lisa 6 · 0⤊ 0⤋
I spend around 10 grand a year. Not recommended.
2007-03-26 14:17:41 · answer #3 · answered by mindrape 2 · 0⤊ 0⤋
To much, too many Americans are in debt, and usually can only pay their minimum payments.
2007-03-26 14:18:51 · answer #4 · answered by Guess Who 6 · 0⤊ 0⤋
about 10,000
Especially around Christmas
2007-03-26 14:23:05 · answer #5 · answered by jennifer74781 4 · 0⤊ 0⤋