A recent study shows that 37% of consumers have
cut back on spending on their credit cards. A funny sidenote to this
about how society is working is that 10% of people are actually
spending more. The study was conducted by the javelin strategy and
research firm out of pleasant than California.
The same study also shows that 54% of consumers
said they were going to spend less money on luxury items, while 5% said
they plan on spending more. Pitching number as well as that 57% of all
people said they were going to be more careful about eating out at
restaurants, where bills are often paid with the credit cards if it
should look at these numbers considering that it may matter and $61.8
billion in revolving debt, or about $3150 per person. This number is up
58% over this decade. Certainly people are looking for more ways to get
some credit card debt relief.