This year gift cards have ranked as #4 among the list of favorite items consumers plan to give during the holiday season. About 57% of Americans plan to purchase gift cards this year, spending on average $339.
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Americans will use general purpose credit/debit cards and store credit cards to charge about $120 billion in retail sales this holiday season. The figure is about 5.4% above last year.
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Revolving consumer credit crossed the $800 billion mark in September, marking the first time Americans have crossed that threshold. During the third quarter consumers added $5.3 billion in revolving debt, mostly credit card debt, although the increase is ...
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The amount Americans are paying each month on their credit card bills has blasted through the 19% level and is now the highest in nearly 15 years. The monthly payment rate has remained above 18% for the past four months.
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Personal bankruptcy petitions in September set an all-time high, topping 200,000. It is expected that filings for the first two weeks of October may exceed 300,000. Filings for the week ending October 15th were 205,129.
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About seven out of ten households are likely to spend the same or more this year than last during the upcoming holiday season. Gift cards will remain the #1 gift purchase this year, with 67% of nationwide respondents indicating that they will purchase an ...
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The first survey on children and gift cards shows that the majority of children aged 5-14 have received or purchased a gift card. The annual Stored Value Systems survey found that four out of five parents say that they have purchased a gift card for their ...
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