Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
A survey done by Rutgers University surveyed a 1,000 Americans and 587 of those were working at the time.
- For people earning less than $35k a year, 51% reported having more credit card debt than retirement savings
- For people earning $75k a year and above only 17% had more on their credit cards than in their retirement savings.
- 37% said they don't even make enough for basic living expenses and that number rose to 69% for the people that earned less than 35k a year.
But remember we were told we're only in a mental recession
so this is all okay.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred