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Saturday, September 08, 2007

Fascinating stat about credit cards in the US

clipped from
Credit card debt remains the single best answer we know to the question "Why can't I ever seem to get ahead?" As of this writing, there are more than a billion credit cards in circulation in the United States -- that's almost four cards for every American man, woman, and child. And nearly 70% of all credit card holders in the U.S. today carry a revolving card balance each month (i.e., they're just paying the minimum amount due).
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