Oct 12, 2020
Question of the Day

Question of the Day (Updated): What percentage of adults have carried credit card debt in the past year?

Answer: 52% of families held credit card debt in 2019

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


From the Federal Reserve Board:

"In people’s financial lives, credit cards can serve different functions at different times. For people who pay their balances off each month, credit cards are mainly a form of payment convenience and can be thought of more or less the same as using cash. For those who carry a balance, however, use of the card represents borrowing and carries a cost in the interest payment and any fees that are incurred."


Questions for students:

  • What does it mean to “carry” credit card debt?

  • Even though high interest rates on credit card debt make carrying a balance expensive, how or why might consumers get into a situation where they cannot pay their credit card bill in full every month?

  • Credit card companies often list a minimum payment due on their monthly statement. Do you think it is a good idea to make only that minimum payment? Why or why not?

  • What are some strategies to help you avoid becoming one of the 52%?


Here is a great video about credit card debt from our Video Library


 To receive a Question of the Day in your email inbox, subscribe to the NGPF Blog.

About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.

Mail Icon

Subscribe to the blog

Get Question of the Day, FinCap Friday, and the latest updates from NGPF in your inbox by subscribing today: