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Various Statistics on Spending?
August 2004 - eNewsletter

2003 – First year when American bought more with credit cards than they did with cash (Fortune Magazine)

217% – Percentage increase in credit card debt for 65 to 69 year olds (Marketplace Statistics)

$5,844 – Average credit card balance for 65-69 year olds (Marketplace Statistics)

$8,000 – Average credit card balance for U.S. card holders (Cardweb.com)

27% – Percentage of people who say they are “very likely” to increase retirement savings over the next few years (LIMBRA International)

$525 – average monthly car payment for new car loans (Power Information Network LLC)

60 months – most popular finance term for new car loans (Power Information Network LLC)

11% – Percentage of monthly gross income the average consumer spends on car payments (Edmunds.com)

And one that should make us all comfortable:

57% – Percentage of correct answers provided by IRS tax help centers (U.S. Treasury Department)

 

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