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The average American has 2.7 bank credit cards, 3.8 retail credit cards and 1.1 debit cards, for a total of 7.6 cards per cardholder, CardWeb.com said. About 18% of all personal consumption expenditures in the country are made on bank credit cards. Add in retail cards and debit cards and the figure rises to 24%.The [...]

The amount of people in the UK living in debt is sky-high. The average amount of debt for a person in Britain is £33,000. This is almost double the average level of £17,000 in 2000.This is largely due to the rising cost of living. People are finding that their wages just aren’t meeting the increasing [...]