WalletHub Survey shows Americans having trouble paying credit cards

According to a survey released this week from the personal finance website WalletHub, a lot of people across the country think they may have trouble paying for their plastic in 2019.

“A lot of people, about 40 million Americans, say that they’ll probably miss at least one credit card due date this year,” said analyst Jill Gonzalez.

The average American household already owes a near-record $8,200 to credit card companies.

“It’s certainly a good idea to rein in on your spending,” said Gonzalez. “Go through with at least this New Year’s resolution and really try to start paying off your credit card debt.”

Getting a late fee hurts more for some people than others.

“Women said that they feel a little bit more irresponsible than men after missing a credit card payment,” said Gonzalez. “Republicans feel a little bit more irresponsible than Democrats. Those, especially with higher incomes, feel more irresponsible when missing a credit card payment versus those with low income.”

People with high income are twice as likely to miss a payment due to forgetfulness as people with low income.