(TNND) — About two-thirds of credit card debtors have delayed or avoided other financial decisions because of their debt, a new Bankrate survey showed Wednesday.
Bankrate senior industry analyst Ted Rossman said they crafted their new survey to get at how Americans are impacted by their credit card debt.
“What we tried to do here was get a little deeper under the hood,” he said.
And Rossman offered advice for people who find themselves in the credit card hole, including the 0% balance transfer approach.
About half of credit card holders carry debt from month to month.
Rossman called it “a kitchen table economics issue” that’s affecting a lot of households.
Gen Xers have the most credit card debt, but it’s younger people who are more…
