Credit Card Debt vs. Savings
(North Palm Beach, FL) Nearly 1 out of every 4 Americans say they have more credit card debt than money in their savings account.
Bankrate’s Financial Security Index for February says 24% of Americans are in this predicament, but there is a silver lining of sorts.
55% of Americans say they do have higher savings account balances than they owe on credit cards.
Meanwhile, 16% of people say they don’t have credit card debt or money in their savings account.