Why women notoriously have more credit card debt than men

It’s no surprise that Americans love their credit cards.

So much so, that outstanding credit card debt is now at the second-highest point since the end of the 2008 financial crisis, as tracked by WalletHub. Last quarter alone, Americans racked up almost $30 billion in debt.

What’s more, women may be at the losing end of this trend. According to new study, more than one in four female cardholders (26%) say they are “not at all” confident in being able to pay their bills in full this month, nearly double the percentage of men at 14%.

Leave a Reply

Your email address will not be published. Required fields are marked *