Higher-income credit card users are 10 times more likely than lower-income consumers to miss a payment, according to a survey by the American Bankers Association.

Of the 14% of the consumers who missed a payment, 44% earned at least $50,000 a year, while only 4% earned less than $15,000 annually. The ABA also found that 27% of those missing a payment were 25 to 34 years old, and 29% were 35 to 44 years old. Of those older than 65, only 7% were late with a payment.

ABA collected the data as part of a 1,000-person survey of holiday spending habits. It also found that 59% of consumers will spend less than $500 on the holidays and 65% have a budget for this season. -Jaret Seiberg

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