20% of Americans do not feel they can pay their credit card balances in full

20% of Americans do not feel they can pay their credit card balances in full20% of Americans do not feel they can pay their credit card balances in fullResearch has found that 12% of Americans say theyd prefer a new iPhone over a better credit score, but recently updated information fromCompareCards.com shows that 20% of Americans dont think they can pay their credit card balances in full this month.In terms of how the research was carried out, Qualtrics polled 1,049 Americans who have a nadir of one credit card each.How Americans feel about paying off their credit cardsHeres how people responded when asked how confident they are that they can pay off their whole monthly credit card balance for each card they have. Their responses were on a scale of 1 to 5 (5 being very confident, 1 being not at all confident)1 20%2 7%3 16%4 16%5 41%Matt Schulz, Chief Industry Analyst at CompareCards, wrote about the research in the write-upAs we continue with the Credit Card Confidence Index, well k eep watching to see if these trends change as interest rates continue to rise and Americans overall card debt continues to grow. Meanwhile, our advice for all credit card holders remains the same Pay your balance off as soon as possible. Life happens, so you may not be able to do it in full every single month, but thats definitely something to aspire. After all, its only going to get more expensive to hold that debt, and good economic times dont last forever, so theres no better time than today to knock down that debt, he wrote.Heres how men and women feel about paying off their credit cardsCheck how men and women weighed inSaid they were very confident in paying their credit card bills in full this month 47% men, 35% womenSaid they were not at all confident in paying their credit card bills in full this month 14% men, 26% womenSaid they had paid their card bills in full in each of the past six months 38% men, 28% womenSaid they had paid their card bills in full once or less in the past six months 20% men, 31% womenA monthly credit card payment breakdownRespondents were asked to recall the past six months where theyve put their credit card(s) to use, and then say how many months they paid their full balance off. They were also asked to keep in mind, if you have more than one card, only count months where you paid ALL card balances in full.Heres how people surveyed responded6 months 33%5 months 12%4 months 11%3 months 10%2 months 8%1 month 7%None 19%CompareCards.com reported that surprisingly, cardholders with household incomes between $75,000 and $99,999 were the most likely to say they never paid their card bill in full in the past six months, with 22% in that income bracket making that claim. Even 13% of those making $100,000 or more said they hadnt paid their credit card bill off in full once in the past six months.