Incomes naturally vary among individuals in Texas, but on the whole, gender influences income and levels of credit card debt. The Federal Reserve System has calculated that women have a median salary of $41,554 compared to men at $51,640. Lower income translates into higher credit card debts. A recent study found that 26 percent of female credit card holders doubted that they would pay their full balances this month. When asked the same question, only 14 percent of men doubted that they would pay everything on their credit accounts.
Single parenthood exacerbates financial problems for many women. An analyst at CompareCards said that single mothers faced the greatest challenges. They had a greater likelihood of turning to credit cards every month to make ends meet.