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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

http://www.census.gov/compendia/statab/2012/tables/12s1188.pdf

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