Results: People Are Shrinking Their Credit Card Debt During Pandemic!
Published on 07/10/2020
The US Federal Reserve Bank said that Americans' credit card debt is shrinking rapidly during the coronavirus recession. That's a sharp contrast with the last two economic downturns.
QUESTIONS
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Comments
1.
1.
Do you think it is good that credit card debt is decreasing? Yes
77%
2458 votes
No
9%
274 votes
Undecided
9%
273 votes
Not Applicable
5%
173 votes
2.
2.
Do you use a credit card for your daily shopping?
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Yes
45%
1418 votes
No
45%
1440 votes
Undecided
3%
102 votes
Not Applicable
7%
218 votes
3.
3.
If yes, Have you spent less using your credit card since the pandemic started? Yes
30%
956 votes
No
26%
828 votes
Undecided
6%
195 votes
Not Applicable
38%
1199 votes
4.
4.
Do you think this is also an indicator of economic recession? Yes
42%
1329 votes
No
21%
661 votes
Undecided
37%
1188 votes
5.
5.
Do you think that credit cards are more susceptible to scams than anything else? Yes
44%
1409 votes
No
20%
630 votes
Undecided
29%
924 votes
Not Applicable
7%
215 votes
COMMENTS