Credit Card Use, 1992-2004
Updated August 5, 2020 |
Infoplease Staff
General-purpose credit cards include Mastercard, Visa, Optima, and Discover. All dollar figures are given in constant 1998 dollars based on consumer price index data as published by the U.S. Bureau of Labor Statistics.
| Percent of cardholding families who: | ||||||
|---|---|---|---|---|---|---|
| Age of family head and family income1 | Percent having a general-purpose credit card | Percent having a balance after last month's bills | Median balance2 | Almost always pay off the balance | Sometimes pay off the balance | Hardly ever pay off the balance |
| 1992 total | 62.4% | 52.6% | $1,200 | 53.0% | 19.6% | 27.4% |
| 1995 total | 66.5 | 52.6 | 1,700 | 52.4 | 20.1 | 27.5 |
| 1998 total | 67.5 | 54.7 | 2,000 | 53.8 | 19.3 | 26.9 |
| 2001 total | 72.7 | 53.7 | 1,800 | 55.3 | 19.0 | 25.6 |
| 2004 total | 71.5 | 56.2 | 2,100 | 55.7 | 20.3 | 24.0 |
| Under 35 years old | 60.6 | 66.1 | 1,500 | 49.0 | 20.4 | 30.6 |
| 35-44 years old | 73.3 | 70.8 | 2,400 | 41.6 | 26.2 | 32.2 |
| 45-54 years old | 77.5 | 61.2 | 3,000 | 49.3 | 23.9 | 26.6 |
| 55-64 years old | 78.2 | 46.1 | 2,500 | 66.8 | 16.8 | 16.5 |
| 65-74 years old | 75.5 | 37.7 | 2,300 | 70.7 | 13.4 | 15.9 |
| 75 years old and over | 65.4 | 32.2 | 1,100 | 77.5 | 12.9 | 9.7 |
| Less than $10,000 | 31.5 | 59.4 | 1,200 | 50.9 | 17.3 | 31.9 |
| $10,000-$24,999 | 48.6 | 59.7 | 1,200 | 49.9 | 17.0 | 33.1 |
| $25,000-$49,999 | 71.2 | 64.3 | 2,000 | 46.9 | 20.3 | 32.8 |
| $50,000-$99,999 | 88.2 | 56.1 | 2,800 | 56.1 | 22.0 | 21.8 |
| $100,000 and more | 96.6 | 42.8 | 3,400 | 71.1 | 20.2 | 8.7 |
1. Families include one-person units. 2. Among families having a balance.
Source: Board of Governors of the Federal Reserve System, unpublished data. From Statistical Abstract of the United States, 2008.
| Per Capita Consumption of Principal Foods | U.S. Economy and the Federal Budget | Personal Consumption Expenditures |
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