About

Total U.S. credit card debt: $850 billion

That number is alarming. I can’t even begin to imagine how much that really is. Or maybe I can…

iPads: 1,700,000,000
(Nearly a quarter of the earth’s population could have an iPad for that amount!)

A major influence on these dismal numbers is the amount of credit card offers received by mail. People may not be as likely to sign up nearly as often if they weren’t asked/encouraged/harassed to apply for a credit card regularly.

Starting in January 2014, I will document all physical credit card offers I receive by mail for a year. I’ll discuss what these offers mean, comb through the fine details, and ask some (hopefully) interesting questions about credit cards and our debt epidemic.

Source: Federal Reserve, Third Quarter, 2013

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: