BACK

Research and Statistics

Infographic: Recession-hit areas’ residents still cautious with credit

Summary

According to data from Experian, cardholders' willingness to pull out the plastic is partly determined geography -- specifically, by whether an area has recovered from the recessoin

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

The American economy is still sputtering its way to recovery from the recession, and that same uneven progress can also be seen in credit card debt.

Card debt overall is flat, according to September 2012 data from credit bureau Experian, but it varies by geography. In metropolitan areas still struggling, card debt is still shrinking. In areas that endured less-severe downturns, cardholders more readily pull out their cards and take on more debt.

“We are seeing the trend of the ‘disciplined consumer,'” says Trey Loughran, a spokesman for Equifax, in a release about the data. “We don’t know whether this is a long-term change yet, but generally speaking, Americans today continue to be prudent about credit.”

Credit card debt stil shrinking
See related:  End of recession encourages consumers to spend smarter

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Research and Statistics

Rate survey: Credit card interest rates stuck at 15 percent

Oct. 3, 2012: Interest rates on new credit card offers remained at 15 percent on Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report

See more stories
Credit Card Rate Report Updated: April 1st, 2020
Business
14.07%
Airline
15.85%
Cash Back
16.16%
Reward
16.06%
Student
15.87%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.