"Credit-card spending is up from last year, according to market-research company Synovate. Its latest data show that cardholders have spent $1,559 on average across all the credit cards in their wallet in 2010, a 6 percent increase compared with the average of $1,471 that was spent in total during 2009."

My Aunt told me about this -

Esther Wrote: Here's one for you -

My grandfather said he heard this on the radio.

he wants to know what you think.

The amount of credit card debt consumers are carrying dropped to an eight-year low and delinquencies continued to decline in the second quarter as consumers looked to shore up their savings.

Carol writes: "U.S. credit card delinquencies continued to decline in the second quarter, while the average amount owed by consumers on their credit cards fell to an eight-year low, credit and information management firm TransUnion said Wednesday."

I saw this posted Thursday.

"The final provisions of the Credit Card Act OF 2009 takes effect this Sunday, completing the most comprehensive overhaul of the credit card industry in history."

Credit-card issuers have been raising interest rates ever since they realized they would lose more than $50 billion in revenue under a new federal law aimed at protecting consumers from hidden or high fees, expert say. The result: The average interest rate on credit cards reached 14.37 percent in the second quarter -- the highest level in nine years and up from 13.07 percent a year ago.

"Credit card debt has always been a major concern, for baby boomers especially that have multiple financial obligations in this trying economy. U.S. credit card debt not only dropped to an 8-year low, but delinquencies continued to decline in the second quarter, CNNMoney.com reported. Based on reports by the credit bureau TransUnion, credit card debt fell 4.1% to an average $4,591 during the ..."

I found this posted at CONTENT.USATODAY.COM on Thursday.

"Americans continue to pay down their credit card balances, with the average amount owed falling to an eight-year low, according to one of the ..."