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Key credit card debt statistics. Average credit card balance in 2023: $6,501. Average credit utilization rate in 2023: 30% Average number of credit cards in 2021: 3.84
The average American had $6,501 in credit card debt in Q3 of 2023, based on The Motley Fool Ascent's analysis of data from sources like Experian, the Federal Reserve, TransUnion, and the U.S ...
Surging inflation and rising costs have forced many consumers deeper into credit card debt. According to TransUnion, the average credit card borrower owed $6,380 in the third quarter of 2024 ...
(The Center Square) - The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study. The personal ...
Currently, the total U.S. consumer debt sits at a whopping $14.9 trillion, with the average American’s credit card debt hitting $5,315 and the average debt among those with a balance being $7,227.
If you’re an “average” consumer, you need a plan to pay down your credit card debt quickly. Credit card debt in America by the numbers. According to the Federal Reserve, credit card debt in ...
Average Credit Card Debt up for Gen Z, Millennials and Gen X. Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...
As of June 2024 polling, half (50 percent) of credit cardholders carry credit card debt from month to month, according to Bankrate’s latest Credit Card Debt Survey. This is up from 44 percent in ...