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With the economy struggling, you’d expect to find increasing numbers of Americans using their credit cards to sustain spending they can’t really afford. There’s no shortage of personal-finance horror stories of that ilk. But a Gallup poll gives reason to think those tales don’t represent a new norm.
Forty-three percent of respondents said they always pay the full amount on their credit-card bills, with another 17 percent saying they usually do so. Twenty-five percent pay as much as they can while leaving a balance, and 12 percent usually pay the minimum permissible.
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