1 / 9

Credit Card Statistics

Credit Card Statistics. Farm Business Management Mr. Gardner Junction City High School http://www.consumercredit.com/cardstats.htm. Average American Household. Has at least one credit card. With Over $8,000 in credit card debt. 81% of Households have at least one.

ursa-cook
Download Presentation

Credit Card Statistics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Credit Card Statistics • Farm Business Management • Mr. Gardner • Junction City High School • http://www.consumercredit.com/cardstats.htm

  2. Average American Household • Has at least one credit card. • With Over $8,000 in credit card debt. • 81% of Households have at least one. • 78 % U.S. households deemed "credit worthy" by the lending industry.

  3. Average Purchase • Average Purchase with Credit Card: $82.00. • It is on the Rise. • Average VISA Debit Card (FAKE CC) Purchase: $38.00 • It is on the Decline. Slight.

  4. Average Credit Balance • In 2002: $8,387 • This is the Average that means some more and some less. • Average Interest Rate 18.9%. • 4th 1/4 Outstandings dept to $18,952,600,000

  5. CC Payment or Investing • Credit card payment of $218 • Instead you invested that $218 in a 12% savings plan, • Retire in 25 years with $1,354,930 saved. • Your credit card payment is not only costing you thousands in interest, but is prohibiting you from saving for your retirement.

  6. Total Credit Debt • 1st Qtr. 2002: $660 billion spent using credit cards. • $660,000,000,000.00 • Total Credit Card Debt was approximately $60 billion. • $50 billion total finance charges paid in 2001. • Size of AT&T -- the entire corporation is $1.6 billion

  7. Average American Household • 7 to 10 Credit Cards 2002. • 7 cards in 2001 • 6.2 cards in 2000 • 4.21 cards in 1999 • Average Interest Rate 18.9%. • VISA 2000 credit survey • "48% of credit card owners only pay their minimum monthly payment…"

  8. Credit Temptation • Being solicited an Average of Seven (7) times per year by credit card companies. • Regardless of their credit histories… • solicitations dropping • 2.2 billion first 1/2 of 2001. • 1.6 billion first 1/2 of 2002.

  9. Credit Temptation • 150 to 200 million credit cards are issued annually in North America since 2000. • 500 million bank credit cards in North America. • 700 million retail credit cards in North America. • 1.2 billion credit + retail cards in North America.

More Related