Americans may be learning, albeit slowly, to live without their credit cards.
In a recent survey by Bankrate Inc., 40% of consumers said they would not be upset if their credit lines disappeared. Of the respondents who had credit cards, nearly one-third (32%) said they probably would buy less on credit in 2009 than in 2008. A much smaller group (5%) said they would be devastated with the loss of access to their credit cards.
Source: Bankrate Inc., www.bankrate.com/financialliteracy.
SPONSORED REPORT
Why cybercriminals are targeting CPAsThis free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.
PODCAST
How tax reform — and Excel — are changing the CPA ExamMike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.