A Gallup survey, conducted in April 2014, indicates that the average number of credit cards that adult Americans own ranges from three to four. This number is lower than in previous years surveyed, states CreditCards.com.Continue Reading
Of those surveyed, 33 percent had one to two cards, 18 percent had three to four cards, 9 percent had five to six cards, and 7 percent had seven or more cards. The percentage of Americans who own no credit cards climbed to 29 percent in 2014, up from 22 percent in 2008, according to CreditCards.com.
The Gallup survey found that baby boomers are the generation owning the highest number of cards with an average of over two cards per person, and millenials are the generation with the lowest credit-card ownership, weighing in with an average of under two cards per person, notes CreditCards.com.Learn more about Credit & Lending