Average Credit Card Debt

The average credit card debt is 6028.

Average credit card debt. That scenario is not realistic for many Americans however. The average households credit card balance is 7849. Credit card debt is one of the main areas where the UK appears to be struggling.

When it comes to individual households the average American family owes 8377. Consumers in Their 20s. This information comes from data collected through 2019 representing the most reliable measure of credit card indebtedness in the US.

The average amount of credit card debt that people have can vary based on location. Families is 6270 according to the most recent data from the Federal Reserves Survey of Consumer Finances. The Average Debt for Those 65-74.

Householders in this age group who have debt carry an average debt of 108700. Average credit card debt statistics you should not ignore. The amount of consumer and personal debt by country resulting from increased credit usage will continue to increase as well.

Credit card debt is said to be higher in industrialized countries. Experian Consumer Credit Review How much credit card debt does the average American have. As more credit cards are introduced to the public more purchases are made.

At the state level every state has seen an increase in credit card debt over the last year. With percentage increases ranging from 17 to 85 the numbers confirm the trends we see. The current outstanding revolving debt in the US.