The results show that people are more connected to their devices than ever, but the credit card is still important in Americans’ financial lives, and according to Federal Reserve data, credit card spending by consumers jumped by $8.8 billion in April.
Foster City, Calif. (PRWEB) June 23, 2014
Credit cards are a staple of the United States economy, but a new survey from CardRatings.com reveals that they are even more engrained into society than common American novelties such as pizza, beer, chocolate and even sex.
The survey, conducted by Op4G for CardRatings.com – the leading comprehensive free source for comparing credit card offers – asked 2,000 Americans how long they could go without certain foods, drinks and activities, with the options of one day, one week, one month, one year or longer or I don’t do this.
Here are the percentages of people that said they couldn’t – or aren’t comfortable to – go more than one day without …:
- Drinking beer – 5.25 percent
- Eating pizza – 5.35 percent
- Eating chocolate – 11.05 percent
- Having sex – 13.0 percent
- Using your credit card – 14.9 percent
- Checking Facebook – 24.0 percent
- Watching television – 35.1 percent
- Using a cell phone – 57.3 percent
- Using a computer or tablet – 59.25 percent
“The results show that people are more connected to their devices than ever, but the credit card is still an important device in Americans’ financial lives,” said Amber Stubbs, managing editor of CardRatings.com.
While 43.85 percent of respondents said that they could go longer than a week without using their credit cards, more responded that they could abstain from pizza (68.3), chocolate (53.45), beer (46.35) and even sex (48.65). This begs the question: Are Americans addicted to their credit cards?
“With mobile payments and banking becoming more popular, consumers can use their credit cards everywhere it seems,” said Stubbs. “And according to Federal Reserve data they are, as credit card spending by consumers jumped by $8.8 billion in April.”
You can view the full results at http://www.cardratings.com/credit-cards-calories-and-computing-americas-modern-addictions.html.
CardRatings.com is the leading comprehensive free source for comparing credit card offers. The site has been educating consumers, publishing news and providing expert advice on credit cards and debt since 1998. CardRatings.com offers consumer reviews of credit cards and issues an annual ranking of top-rated cards in a variety of categories to help consumers find the credit cards best suited to their needs, get the best credit card rates available and effectively lower their debt. CardRatings.com, of Little Rock, Ark., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit QuinStreet.com.