Consumer Payment Card News

Gender Gap

The average American female carries about $200 less in credit card debt than their counterpart. A new survey has found that American males have an average of $2,742 of credit card debt spread out over 2.5 cards, and that females average $2,522 of credit card debt on 3.3 cards. The survey of 1,000 consumers concluded that the average American is now carrying $2,627 in credit card debt, up from $2,294 in 2003. According to the annual “Credit Card Survey” conducted by Myvesta, Americans are now carrying an average of 2.9 credit cards, up from 2.3 in 2003. Regionally, individuals in the South are carrying the most credit card debt with an average of $2,977. People in the Northeast are carrying the smallest balances with an average of $1,918 of credit card debt. Individuals in the Midwest have an average of $2,682 on their cards and those in the West carry an average balance of $2,538. For more information visit: “http://www.myvesta.org”:http://www.myvesta.org

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