USA Consumer Loves Their Credit Cards
For the better part of four decades according to US News and World Report, there has been an increasing use of credit and credit cards by the USA consumer population. The American love for consumer goods has been a major contributing factor in this credit card rise. And the interesting point to note is that the amount of credit card debt and consumption has been increasing each year. Since 2000 the amount of credit card debt per USA consumer has increased over 50%. That debt burden is strangling a number of consumers and has been one of the issues in the current economic crisis within the United States.