Credit Card DebtThings You Never Knew About Credit Card DebtThings Worth Considering |
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The popular image is that young people run up a lot of credit card debt, while older people do not. Believe it or not, this isn't true. Generally, credit card debt is less than average for debtors under the age of 45, and higher than average for debtors 45 or older. Elderly debtors (65 or older), on average, have nearly four times as much credit card debt as debtors under the age of 25. It was also interesting to note that the average gross monthly income of the elderly debtors ($1,714) was about 30 percent below the average for all debtors ($2,459). Click on several of the links below on this page to compare deals on debt consolidation. Compare several sites so as to see a good range of choices.
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