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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 ...
The average American with credit card debt owed $7,932 on their credit cards in 2023, according to New York Life’s latest Wealth Watch survey — a pretty significant increase from $6,321 the ...
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U.S. consumer debt snapshot. Average loan balances grew for most types of consumer debt in 2023. Credit cards—the debt products with the highest average interest rates for consumers—grew the most.
Credit card usage increases with age, from 69 percent of 18- to 27 year-olds, 73 percent of 28- to 43-year-olds, 76 percent of 44- to 59-year-olds and 83 percent of 60- to 78-year-olds, according ...
The average credit card balance among U.S. consumers was $6,501 as of the third quarter in 2023, 10% higher than the previous year, according to credit agency Experian.
What happened to credit card rates in 2024? The average credit card rate dipped slightly in 2024, from 20.74 percent at the start of the year to 20.27 percent (the lowest rate of the year) at last ...