The average age at which a U.S. consumer first adopted a credit card is 20.8 years. 84% of the student population overall have credit cards. Average Credit Card Consumer holds 4.4 Credit Cards, One in ten consumers has more than 10 credit cards. Most people actually use it on travel expenses, and surprisingly only 1 in 5 use them to pay for bills.

Americans spending habits vary greatly depending on income and gender. Did you also know that Americans spend more on housing but less on food now than in 1949? Check out the below infographic to see how Americans use their hard earned dollars.