Answer: Credit card statistics are a compilation of various usages of credit cards and debt ratio of consumers.
Step-by-step explanation:
Every year, there is a new set of credit card statistics released to the public. These stats are based on credit card usage, age, debt ratio, credit worthiness, state and many other things.
In 2020, there were several companies who released credit card statistics such as credit card companies and even law firms. Included in these stats are the states with the highest credit card debt and the lowest credit card debt.
Here is a small list of things that are included on the stats;
- Credit Card Debt by Income Level
- Chart: Credit Card Debt by Generation
- Chart: Credit Card Debt by Age
- Credit Card Debt by State
- States With the Lowest Average Credit Card Debt
- States with the Highest Average Credit Card Debt