Share of U.S. households that carry a credit card balance…
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Share of U.S. households that carry a credit card balance month-to-month, by age of household head
What the chart shows: the % of U.S. households who self-report they "sometimes" or "hardly ever" pay their credit card balance in full each month, broken out by age of the household head.
Two terms, since they come up a lot:
* **Revolver** = household carrying a balance month-to-month and paying interest on it. About 32% of U.S. households (\~43 million homes).
* **Transactor** = household paying in full nearly every month. The majority — about 58%.
#education
source
What the chart shows: the % of U.S. households who self-report they "sometimes" or "hardly ever" pay their credit card balance in full each month, broken out by age of the household head.
Two terms, since they come up a lot:
* **Revolver** = household carrying a balance month-to-month and paying interest on it. About 32% of U.S. households (\~43 million homes).
* **Transactor** = household paying in full nearly every month. The majority — about 58%.
#education
source
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