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According to the Federal Reserve, credit card debt in America has hit a staggering thirteen-figures at $1.34 trillion in March 2024. In short, that amounts to an average balance of $6,699 per ...
The amount of credit card debt written off through the first three quarters of 2024 reached $45.7 billion, up 46% from the same period a year ago.
Debt in 2024: $300 in credit card debt − and the student loans Last year, Cynthia Davis’s biggest debt was a hefty $300,000 in college and graduate school loans. She had just begun making the ...
Key insights from Bankrate's 2024 Emergency Savings Report. 36% of U.S. adults have more credit card debt than emergency savings. 36% of U.S. adults are prioritizing both debt repayment and ...
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 ...
According to data from the credit bureau Experian, the average credit card balance among consumers in the third quarter of 2023 was $6,501. This was a 10% increase compared to the year before.
In the third quarter of 2024, U.S. credit card balances rose by $24 billion, reaching the $1.17 trillion mark — the highest level recorded by the Fed in 20 years. Don't miss
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