Answer: 2.6

From Creditcards.com:

Questions for students:

• True or false. The percentage of Americans that don’t have a credit card has increased significantly since 2008.
• The highest percentage of Americans in 2014 have between ____________ and ____________ credit cards.
• What might be the reasons that Americans choose not to have a credit card?
• From a credit score perspective, what might be one downside to having more than 7 credit cards?
• How does the percentage of Americans with 3 or more credit cards in 2014 compare with those who had 3 or more cards in 2001?

________

Be sure to check out this NGPF Activity: Should They Open A Credit Card?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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