Frightening U.S. Credit Card Debt Graphic!

Posted: January 24th, 2010 | Author: | Filed under: Debt | Tags: , , | 2 Comments »

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 300x250 Frightening U.S. Credit Card Debt Graphic!

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
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    • Quality January 26, 2010 at 10:19 am

      paper becomes digits .. new money rulez ! :)

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