Are Americans afraid of their credit card debt?

Ask a consumer about their credit card debt and, more likely than not, you’ll wind up talking to the proverbial stone wall.

That’s not exactly a shocker, as Americans and personal finances have historically been a taboo topic. Yet with the inflation siren on full blast and recessionary clouds rolling in, US credit card holders are not only avoiding talking about card debt, they’re afraid to even look.

Case in point.

According to a new study by Upgraded Points that aimed to look “behind-the-scenes” at consumer credit card behaviors, 20% of respondents are “afraid to check their credit card statements.” More women said they are afraid to check their credit card statements than men, by almost 10%.

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