* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
© 2014 Shmoop University, Inc. All rights reserved.
Financial Literacy

Financial Literacy

Home Financial Literacy Credit and Debit Massive Amounts of Money Involved

Massive Amounts of Money Involved

• Around the world, every second of every day, 10,000 people pay for something with a credit card.

• These days, folks in the U.S. are spending $75,000 every second on their credit cards (that’s $2,378,000,000,000 a year! Count the zeroes: that’s trillions).

U.S. Census Bureau2012 Projections
Cardholders160 million
Number of cards1.167 billion
Credit card purchase volume2.378 billion


People who Shmooped this also Shmooped...

Noodle's College Search