$1,000,000,000,000 (this crazy looking number is called one trillion) plus dollars of
credit card debt is currently carried on the shoulders of the US consumer. This is such an astonishing milestone that I decided to do a little research and report on US consumer credit card debt. And I'm glad I did because this research led to some very interesting statistics and information.
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Consumers have countless credit card choices |
The credit card has become as American as apple pie. We all have a credit card and most of us have more credit card debt than we would care to admit. These financial products have been the grease in the wheels allowing the US economy to flourish and grow at astonishing rates over the past several decades.