3 ms·
this discussion would be more productive with some data: * 83% of adults have at least one credit card * 41% adults actually used a credit card in 2020 https
by optymizer 4y ago
this discussion would be more productive with some data:
* 83% of adults have at least one credit card
* 41% adults actually used a credit card in 2020
https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-banking-and-credit.htm https://www.federalreserve.gov/publications/2021-economic-we...
- ivalm 4y ago41% had credit card debt, presumably a larger amount used them.
- ghaff 4y agoRight. Unpaid balance over at least one month. Although some people probably just have a credit card for emergency purposes, I assume that most people who have a credit card do use it over the course of a year.
- ivalm 4y agoabsolutely, just replying to the poster saying that only 41% used a credit card, which would imply majority of americans don't.
- dylan604 4y agoThere's a bit of HN bias here. Just thinking of the lower income or non-white side of the country. So many people don't even have a checking account (4.5% households or 5.9million )[0] let alone a debit card. There's no way they have credit cards. While it may be a low percentage number, 5-7million people is not "nobody". Question I would stipulate would be adults vs minors in that number. [0]https://news.yahoo.com/number-americans-without-bank-account-184639468.html https://news.yahoo.com/number-americans-without-bank-account... (households translates to how many people?) [1]https://www.gao.gov/blog/more-7-million-u.-s.-households-have-no-bank-account.-why https://www.gao.gov/blog/more-7-million-u.-s.-households-hav... (7.1million from April 2022)