24% Owe More on Their Credit Cards Now Than A Year Ago
One-in-four credit cardholders owes more money now than they did a year ago, but the number who’ve missed a payment hasn’t increased over the past year.
A new Rasmussen Reports national telephone survey finds that 24% of Americans who have at least one credit card say they owe more than they did 12 months ago, but 42% say they owe less now. Thirty-two percent (32%) say their level of debt is about the same. (To see survey question wording, click here.)
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The survey of 1,000 Adults was conducted on February 27-28, 2012 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.