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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 ...
Early results for the fourth quarter of the year show preliminary data for October at a new record high for credit card debt in the month, in ab Report: Average American household has more than ...
Carrying high credit card debt relative to your total credit limit can damage your credit score, making borrowing money even more expensive and trapping you in a terrible cycle.
And, according to data gathered by BankRegData and reported in a Financial Times article, $46 billion worth of credit card debt were considered write-offs by lenders in the first nine months of 2024.
Credit card debt is said [clarification needed] to be higher in industrialized countries. [10] The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. [11] The median credit card debt in the U.S. is $3,000 and number of cards held is two. [12]
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 ...