2. Credit Card Statistics n Farm Business Management n Mr. Gardner – Junction City High School – http://www.consumercredit.com/cardstats.htm

3. Average American Household n Has at least one credit card. n With Over $8,000 in credit card debt. n 81% of Households have at least one. n 78 % U.S. households deemed "credit worthy" by the lending industry.

4. Average Purchase n Average Purchase with Credit Card: $82.00. – It is on the Rise. n Average VISA Debit Card (FAKE CC) Purchase: $38.00 – It is on the Decline. Slight.

5. Average Credit Balance n In 2002: $8,387 n This is the Average that means some more and some less. n Average Interest Rate 18.9%. n 4th 1/4 Outstandings dept to $18,952,600,000

6. CC Payment or Investing n Credit card payment of $218 n Instead you invested that $218 in a 12% savings plan, n Retire in 25 years with $1,354,930 saved. n Your credit card payment is not only costing you thousands in interest, but is prohibiting you from saving for your retirement.

7. Total Credit Debt n 1st Qtr. 2002: $660 billion spent using credit cards. n $660,000,000,000.00 n Total Credit Card Debt was approximately $60 billion. n $50 billion total finance charges paid in 2001. n Size of AT&T -- the entire corporation is $1.6 billion

8. Average American Household n 7 to 10 Credit Cards 2002. n 7 cards in 2001 n 6.2 cards in 2000 n 4.21 cards in 1999 n Average Interest Rate 18.9%. n VISA 2000 credit survey – "48% of credit card owners only pay their minimum monthly payment…"

9. Credit Temptation n Being solicited an Average of Seven (7) times per year by credit card companies. n Regardless of their credit histories… n solicitations dropping – 2.2 billion first 1/2 of 2001. – 1.6 billion first 1/2 of 2002.

10. Credit Temptation n 150 to 200 million credit cards are issued annually in North America since 2000. n 500 million bank credit cards in North America. n 700 million retail credit cards in North America. n 1.2 billion credit + retail cards in North America.