Kimbery Credit Counselings Blog
Tuesday, October 10, 2006
Debt Statistics
You're not alone. A large percentage of people find themselves in this exact financial situation. Below are some debt statistics that you may find interesting.
* Almost one out of every 100 households in the United States will file for bankruptcy.
* Out of all card holders within the U.S., 51% are females
* 43% of U.S. families spend more than they earn.
* Only 2% of homes in America are paid for
* 92% of U.S. family disposable income is spent on paying debts.
* Making minimum payments on a credit card with a $4,800 balance, at 17% interest would take 39 years and seven months to pay off. Paying $10,818.63 in interest alone, and a total of $15,619 for the privilege of charging the $4,800.
* Approximately 46% of all Americans have less than $10,000 saved for retirement. 39% of Americans are concerned about their ability to achieve their desired retirement lifestyle.
* An $8,000 debt at 18% interest will take over 25 years to repay and cost over $24,000 in the long run.
* The average American household has 13 charge cards. There are 1.3 billion payment cards in circulation in the United States.
* Americans made $1.1 Trillion worth of credit card purchases in 1999.
* Americans carry, on average, $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest.
* According to the American Bankruptcy Institute, 391,873 people filed for bankruptcy in the third quarter of 2002.
* On average the typical credit card purchase is 112% higher than if using cash.
* 96% of all Americans will retire financially dependent on the government, family, or charity
Get your free debt consolidation quote.
today. Make one low monthly payment today. Credit Counseling can be your answer to becoming debt free
Archives
12/07/2003 - 12/14/2003 12/14/2003 - 12/21/2003 12/21/2003 - 12/28/2003 12/28/2003 - 01/04/2004 01/04/2004 - 01/11/2004 01/11/2004 - 01/18/2004 01/18/2004 - 01/25/2004 01/25/2004 - 02/01/2004 02/01/2004 - 02/08/2004 02/08/2004 - 02/15/2004 02/15/2004 - 02/22/2004 02/22/2004 - 02/29/2004 02/29/2004 - 03/07/2004 03/21/2004 - 03/28/2004 03/28/2004 - 04/04/2004 04/11/2004 - 04/18/2004 04/18/2004 - 04/25/2004 04/25/2004 - 05/02/2004 05/02/2004 - 05/09/2004 05/16/2004 - 05/23/2004 05/23/2004 - 05/30/2004 05/30/2004 - 06/06/2004 06/06/2004 - 06/13/2004 06/20/2004 - 06/27/2004 06/27/2004 - 07/04/2004 08/01/2004 - 08/08/2004 09/11/2005 - 09/18/2005 12/18/2005 - 12/25/2005 01/01/2006 - 01/08/2006 01/08/2006 - 01/15/2006 01/29/2006 - 02/05/2006 02/19/2006 - 02/26/2006 03/05/2006 - 03/12/2006 04/09/2006 - 04/16/2006 04/23/2006 - 04/30/2006 05/07/2006 - 05/14/2006 05/14/2006 - 05/21/2006 05/21/2006 - 05/28/2006 05/28/2006 - 06/04/2006 06/04/2006 - 06/11/2006 06/18/2006 - 06/25/2006 06/25/2006 - 07/02/2006 07/02/2006 - 07/09/2006 07/09/2006 - 07/16/2006 07/16/2006 - 07/23/2006 07/23/2006 - 07/30/2006 07/30/2006 - 08/06/2006 08/06/2006 - 08/13/2006 08/13/2006 - 08/20/2006 08/20/2006 - 08/27/2006 08/27/2006 - 09/03/2006 09/03/2006 - 09/10/2006 09/10/2006 - 09/17/2006 09/17/2006 - 09/24/2006 09/24/2006 - 10/01/2006 10/01/2006 - 10/08/2006 10/08/2006 - 10/15/2006 10/15/2006 - 10/22/2006 10/22/2006 - 10/29/2006 11/05/2006 - 11/12/2006 12/10/2006 - 12/17/2006 12/31/2006 - 01/07/2007 03/04/2007 - 03/11/2007 03/25/2007 - 04/01/2007 05/20/2007 - 05/27/2007 07/29/2007 - 08/05/2007 09/23/2007 - 09/30/2007 10/21/2007 - 10/28/2007 11/04/2007 - 11/11/2007 11/25/2007 - 12/02/2007 12/09/2007 - 12/16/2007 12/30/2007 - 01/06/2008 01/27/2008 - 02/03/2008 02/10/2008 - 02/17/2008 03/16/2008 - 03/23/2008
12/07/2003 - 12/14/2003 12/14/2003 - 12/21/2003 12/21/2003 - 12/28/2003 12/28/2003 - 01/04/2004 01/04/2004 - 01/11/2004 01/11/2004 - 01/18/2004 01/18/2004 - 01/25/2004 01/25/2004 - 02/01/2004 02/01/2004 - 02/08/2004 02/08/2004 - 02/15/2004 02/15/2004 - 02/22/2004 02/22/2004 - 02/29/2004 02/29/2004 - 03/07/2004 03/21/2004 - 03/28/2004 03/28/2004 - 04/04/2004 04/11/2004 - 04/18/2004 04/18/2004 - 04/25/2004 04/25/2004 - 05/02/2004 05/02/2004 - 05/09/2004 05/16/2004 - 05/23/2004 05/23/2004 - 05/30/2004 05/30/2004 - 06/06/2004 06/06/2004 - 06/13/2004 06/20/2004 - 06/27/2004 06/27/2004 - 07/04/2004 08/01/2004 - 08/08/2004 09/11/2005 - 09/18/2005 12/18/2005 - 12/25/2005 01/01/2006 - 01/08/2006 01/08/2006 - 01/15/2006 01/29/2006 - 02/05/2006 02/19/2006 - 02/26/2006 03/05/2006 - 03/12/2006 04/09/2006 - 04/16/2006 04/23/2006 - 04/30/2006 05/07/2006 - 05/14/2006 05/14/2006 - 05/21/2006 05/21/2006 - 05/28/2006 05/28/2006 - 06/04/2006 06/04/2006 - 06/11/2006 06/18/2006 - 06/25/2006 06/25/2006 - 07/02/2006 07/02/2006 - 07/09/2006 07/09/2006 - 07/16/2006 07/16/2006 - 07/23/2006 07/23/2006 - 07/30/2006 07/30/2006 - 08/06/2006 08/06/2006 - 08/13/2006 08/13/2006 - 08/20/2006 08/20/2006 - 08/27/2006 08/27/2006 - 09/03/2006 09/03/2006 - 09/10/2006 09/10/2006 - 09/17/2006 09/17/2006 - 09/24/2006 09/24/2006 - 10/01/2006 10/01/2006 - 10/08/2006 10/08/2006 - 10/15/2006 10/15/2006 - 10/22/2006 10/22/2006 - 10/29/2006 11/05/2006 - 11/12/2006 12/10/2006 - 12/17/2006 12/31/2006 - 01/07/2007 03/04/2007 - 03/11/2007 03/25/2007 - 04/01/2007 05/20/2007 - 05/27/2007 07/29/2007 - 08/05/2007 09/23/2007 - 09/30/2007 10/21/2007 - 10/28/2007 11/04/2007 - 11/11/2007 11/25/2007 - 12/02/2007 12/09/2007 - 12/16/2007 12/30/2007 - 01/06/2008 01/27/2008 - 02/03/2008 02/10/2008 - 02/17/2008 03/16/2008 - 03/23/2008
