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In 2024, credit card debt accounted for 6.36% of all United States household debt, up from 5.8% in 2020. Credit card balances surged during the pandemic and, by the end of 2022, Alaska led the ...
In 2023, the average credit card balance per household stood at $6,501 (a 10 percent increase from the previous year), while personal loan amounts increased by 6.3 percent to $19,402.
For example: TransUnion says the average credit card balance is $6,380. Assuming a 20.27% credit card rate and only monthly minimum payments, you’ll be in debt for 218 months (more than 18 years ...
(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 ...
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 ...
A recent The Motley Fool Ascent research study examined the average American household's debt. ... the average credit card balance in the third quarter of 2023 was $6,501, up from $5,910 in 2022 ...
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 credit card balance is $8,483 and the average interest rate is 21.59%. ... Here's an estimate for how much the typical household would pay if they had a credit card with the average ...