Some 60 percent of Americans are now carrying monthly credit card debt for at least 12 months, according to a survey from CreditCards.com commissioned by survey platform YouGov.
Moreover, 40 percent of those who carry balances say they have been doing so for at least two years, 28 percent for at least three years and 19 percent for at least five years.
It also showed that 59 percent of American credit card holders who are earning less than $50,000 carry a monthly credit card balance.
The percentage decreases to 49 percent for those earning between $50,000 and $80,000 and 46 percent for those earning between $80,000 to $100,000.
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