![Overspending in America – Statistics and Facts [Infographic]](http://www.skitzone.com/wp-content/uploads/2012/12/overspending-in-america-200x150.jpg)
The average American spends $1.33 for every dollar earned. One in four Americans has more debt than savings. Average person’s spending increased about 30% in the last 25 years. That’s on top of the fact that average work hours have risen about 10% in 25 years. Only 50% of Americans are setting up a monthly budget, out of which 21% fail to meet the budget at least six months out of every year. Only 44% of Americans understand that a […]

The idea of a credit card has existed since the late 1800s, but they really became standard in the 1950s. If you are like one of 177 million Americans, you have at least one credit card. If you’re like most, you have somewhere between 3 and 5 cards. Fortunately, the number of credit cards you hold is not indicative of amount of debt you hold. Here’s a little guidance through the American credit card mire.