Credit Card Debt Hits 8 Year Low
The amounts of money Americans owe on their credit cards dropped to its lowest level in nearly a decade. But is it necessarily a sign that people are paying off more or the economy is turning around?
The most recent numbers show that the average amount of credit card debt has dropped below $5,000, down 13 percent from the same period a year ago, and the lowest since 2002. Credit.com’s John Ulzheimer breaks down the statistics.
(Via YouTube.com)
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