Simple Debt-Free Finance

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Frightening U.S. Credit Card Debt Graphic!

Posted on | January 24, 2010 |

Here’s an absolutely frightening graphic showing the growth of credit card debt in the U.S. from 1970 to today (and beyond).

us-credit-card-debt

The graphic is courtesy of Man vs. Debt.

I think it really hammers home two points:

  1. How much the American consumer has become dependent on credit cards over the past 40 years.
  2. That the increase in the amount of debt has great outpaced the increase in households getting credit cards.

What do you think?

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    Comments

    2 Responses to “Frightening U.S. Credit Card Debt Graphic!”

    1. elmhdy
      January 25th, 2010 @ 4:39 am

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    2. Quality
      January 26th, 2010 @ 10:19 am

      paper becomes digits .. new money rulez ! :)

    Leave a Reply





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