Spending and Saving

No Comeback for Credit Cards

In case you haven’t heard, Americans are plunking down their gold (and blue and red and green) cards a lot less. And it looks like some of us are swearing off them altogether.

Almost a quarter of people said they had permanently changed their attitude towards credit cards and would not be using them anymore, in a recent survey commissioned by eBillMe. (Caveat: the company provides a payment alternative to credit cards…)

We’re getting smarter about money in other ways–or at least we say we are. 38 percent of people said they would manage their finances more carefully over the next six months, and 40 percent said they would save more.

Unfortunately, for a lot of us, that’s not saying much.

Tags: credit cards, personal finance, Spending and Saving