80% of Americans have $10,000 in CC debt

Andrewsgal · April 2009

I saw this stat on CNN today and was shocked. It seemed high to me. WDYT? Do you have CC debt? Do you know a lot of people who do?

r9stedt · April 2009

No credit card debt. It feels sooooooooooooo good to say that.

aprilmomtobe · April 2009

I believe it. I have some cc debt - no where near that though. If I had to guess, a lot of my friends would be in that %. I feel like most people live above their means.

Isabella T. · April 2009

No cc debt here...

butterbeansmama · April 2009

Is it $10,000 or "at least" $10,000?

I imagine this number will be going up (considering the economy and all the job lay offs).

august0605bride · April 2009

Yikes!!

Rebekah1021 · April 2009

Oh, I beleive that. I am so relieved that we have none.

eclaires · April 2009

Wowza.

We have no cc debt, which is great. I am so glad we pay our bills every month - we use ccs for everything.

Now my student loans, on the other hand, well... lol. An education is priceless, right?

CBKMRB · April 2009

Nope, no cc debt here. When I was young and stupid I probably ran up about $9,000. I'm sure I know a few that have that much. It does seem high but not unrealistic.

shellbug79 · April 2009

I believe it, we use to have that but have worked our butts off the past couple of years to pay it completely off. Most of it was from our wedding. We still have some credit card debt but no where near that amount & it feels so good.

Michelle

stacynikki · April 2009

We don't have any cc debt but I know a few who probably have that much and one for sure that has $50k in debt!

REOM · April 2009

We don't carry it over month to month, but our CC certaintly has gotten high at points. We put everything on the card, then pay it off at the end of the month.

I imagine some people who do that charge 10K monthly, it's really not that outrageous to assume.