US. More US Households Have Credit Card Rewards Than Retirement Accounts

Credit card rewards programs allow you to score free miles, cash back, or points to buy gift cards. Making use of credit card rewards is a smart move, as long as you can do so responsibly — which means not charging more than you can pay off each month.

But while you benefit from participating in a credit card rewards program, the perks you’ll get are nowhere near as valuable as the benefits that come from saving for retirement.

Despite this undeniable fact, more Americans are enrolled in at least one credit card rewards program than are enrolled in any kind of retirement plan. In fact, a recent survey from Value Penguin found that while 61% of U.S. households are enrolled in a credit card rewards program, just 58% of American households use any kind of retirement savings product.

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