Comments on: Some Interesting Facts About Credit Card Debt In The United States. http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/ A place to discuss money...for the rest of us. Tue, 22 May 2012 00:24:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: I Wish Money Could Buy Happiness | My Super-Charged Lifehttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-36535 I Wish Money Could Buy Happiness | My Super-Charged Life Tue, 15 Jun 2010 11:00:21 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-36535 [...] do I believe this?  Well, just look at credit card debt in the United States back in 2007, before the recession started.  We owed on average almost $10,000 per household on [...] [...] do I believe this?  Well, just look at credit card debt in the United States back in 2007, before the recession started.  We owed on average almost $10,000 per household on [...]

]]> By: Article Marketing Concepts. Interesting Facts to Be Aware of | CPA Talking | CPA Networks Talking, Making Money Online!http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-33345 Article Marketing Concepts. Interesting Facts to Be Aware of | CPA Talking | CPA Networks Talking, Making Money Online! Sun, 28 Jun 2009 05:43:43 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-33345 [...] Some Interesting Facts About Credit Card Debt In The United States. This month’s Mother Jones magazine has some…um…interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do…and…… [...] [...] Some Interesting Facts About Credit Card Debt In The United States. This month’s Mother Jones magazine has some…um…interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do…and…… [...]

]]> By: How Much Debt is Too Much? — P2P No Bankhttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-32162 How Much Debt is Too Much? — P2P No Bank Sun, 22 Mar 2009 20:19:47 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-32162 [...] Some Interesting Facts About Credit Card Debt In The United States. This month's Mother Jones magazine has some...um...interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do...and...... Online Stores [...] [...] Some Interesting Facts About Credit Card Debt In The United States. This month’s Mother Jones magazine has some…um…interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do…and…… Online Stores [...]

]]> By: Debt Warning Signs and How to Get Out — P2P No Bankhttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-31943 Debt Warning Signs and How to Get Out — P2P No Bank Thu, 12 Mar 2009 03:30:44 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-31943 [...] Some Interesting Facts About Credit Card Debt In The United States. This month's Mother Jones magazine has some...um...interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do...and...... [...] [...] Some Interesting Facts About Credit Card Debt In The United States. This month’s Mother Jones magazine has some…um…interesting facts about credit card and debt here in the United States. We all know that debt is piling up faster and faster in our society, but did you know that: In 1970 only 51% of people had credit cards and today 93% do…and…… [...]

]]> By: Moneymonkhttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18892 Moneymonk Wed, 22 Aug 2007 20:25:31 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18892 Wow! I guess I'm a part of the 7% I do not have a credit card! Wow! I guess I’m a part of the 7% I do not have a credit card!

]]> By: Brip Blaphttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18342 Brip Blap Fri, 17 Aug 2007 23:29:02 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18342 @Pat: In all fairness, as I mentioned I charge EVERYTHING on my credit card. If I went to McDonalds (I don't because of Super Size Me) I would probably charge it on my Amex to get my points. But you're right, some of those people are probably paying 19% on a Big Mac, which is nauseating, just like...a Big Mac. @Pat: In all fairness, as I mentioned I charge EVERYTHING on my credit card. If I went to McDonalds (I don’t because of Super Size Me) I would probably charge it on my Amex to get my points. But you’re right, some of those people are probably paying 19% on a Big Mac, which is nauseating, just like…a Big Mac.

]]> By: Pat Verettohttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18333 Pat Veretto Fri, 17 Aug 2007 21:45:20 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18333 "Americans charged $51 billion worth of fast food last year" That's amazing. My daughter worked (several years ago) at McDonald's. I remember when the first credit cards were swiped there... we were amazed that people would buy fast food on credit. I am still amazed. “Americans charged $51 billion worth of fast food last year”

That’s amazing. My daughter worked (several years ago) at McDonald’s. I remember when the first credit cards were swiped there… we were amazed that people would buy fast food on credit. I am still amazed.

]]> By: Modern Workerhttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18308 Modern Worker Fri, 17 Aug 2007 16:54:33 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18308 7 cards! Yowza! I have 2 and only for credit building purposes :-o 7 cards! Yowza! I have 2 and only for credit building purposes :-o

]]> By: Alex from Personal Finance Views in the UKhttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18293 Alex from Personal Finance Views in the UK Fri, 17 Aug 2007 14:53:46 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18293 These are truly worrying statistics. If it's any comfort, things are just as bleak in the UK. Repossessions and bankruptcies are on the increase and total personal debt is now over £1.325 trillion - an unimaginable sum. One in five retired people still has a mortgage, and a record number of people of all ages are struggling to pay their debts. Yet credit card and loan firms keep offering them credit. It makes you despair. These are truly worrying statistics. If it’s any comfort, things are just as bleak in the UK. Repossessions and bankruptcies are on the increase and total personal debt is now over £1.325 trillion – an unimaginable sum. One in five retired people still has a mortgage, and a record number of people of all ages are struggling to pay their debts. Yet credit card and loan firms keep offering them credit. It makes you despair.

]]> By: Brip Blaphttp://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18271 Brip Blap Fri, 17 Aug 2007 10:42:48 +0000 http://www.mytwodollars.com/2007/08/16/some-interesting-facts-about-credit-card-debt-in-the-united-states/#comment-18271 I can't imagine how desperate (or how poorly educated about finances) someone has to be to go into credit card debt to pay for food, rent, etc. As Lazy Man said, the average might be drawn up by people like me, too, since I charge every single last expense that I can on my credit card...and pay it back at the end of the month in full. "...um....interesting" was right. Disturbing is more like it. I can’t imagine how desperate (or how poorly educated about finances) someone has to be to go into credit card debt to pay for food, rent, etc. As Lazy Man said, the average might be drawn up by people like me, too, since I charge every single last expense that I can on my credit card…and pay it back at the end of the month in full.

“…um….interesting” was right. Disturbing is more like it.

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