Average Credit Card Debt Study 2025 – Forbes Advisor

Credit card debt is back to where it was pre-pandemic. See what the data says about age and amounts owed. Across the country, many Americans are struggling with mounting credit card debt. The most recent data from the Federal Reserve reveals that credit card debt soared to $1.03 Trillion—yes that’s trillion … See more

CouponFollow Extension

$1.03
OFF

Average Credit Card Debt Study 2025 – Forbes Advisor

3 weeks from now

forbes.com

30%
OFF

2024 American Household Credit Card Debt Study - NerdWallet

3 weeks from now

Jan 7, 2025 · Some indebted Americans are waiting for higher income to pay off their balances. According to the survey, 30% of Americans with revolving credit card debt say they plan to pay …

nerdwallet.com

$8674
OFF

Credit Card Debt: What's The Average Credit Card Debt Americans …

3 weeks from now

Oct 28, 2024 · The average amount of credit card debt Americans are carrying is continuing to rise. The average credit card debt has reached $8,674 so far in 2024, according to Federal …

newsnationnow.com

$7951
OFF

How Much Credit Card Debt Do Americans Have? It Varies By …

3 weeks from now

Feb 23, 2024 · The average American household owes $7,951 in credit card debt a year, according to 2022 data from the Federal Reserve Bank of New York and the U.S. Census …

usatoday.com

$8674
OFF

What Is The Average Credit Card Debt? - USA TODAY

3 weeks from now

Sep 27, 2024 · Average credit card debt in America is $8,674, based on 2024 data from the Federal Reserve and the U.S. Census Bureau. Credit card debt varies due to …

usatoday.com

$975.59
OFF

Average Credit Card Debt In The USA In 2024: Facts & Figures

3 weeks from now

Jun 30, 2023 · Americans owe a total of $975.59 billion in credit card debt. The total number of active credit cards reached 532.2 million in Q1 2023. The average American has $5,733 in …

finmasters.com

$5910
OFF

What’s The Average Credit Card Debt In America? | Capital One

3 weeks from now

If you have credit card debt, you may wonder how your debt compares with that of other Americans. In the third quarter of 2022, the average American had $5,910 of credit card debt, …

capitalone.com

40%
OFF

2023 American Household Credit Card Debt Study - NerdWallet

3 weeks from now

Jan 9, 2024 · According to the survey, 2 in 5 Americans with revolving credit card debt (40%) use credit cards to earn rewards, and 18% say credit card debt is worth it for the rewards they earn …

nerdwallet.com

$1.13
OFF

Average Credit Card Debt By Age 2025 - ConsumerAffairs

3 weeks from now

May 16, 2024 · With a population of 336.33 million and a total credit card debt of about $1.13 trillion in 2023, if spread evenly among the population, the average American would have …

consumeraffairs.com

27%
OFF

An Economic Warning Sign: More Americans Fall Behind On Credit …

3 weeks from now

Jan 26, 2025 · Assuming a 20.27% credit card rate and only monthly minimum payments, you’ll be in debt for 218 months (more than 18 years) and will end up paying $9,344 in interest.

usatoday.com

$6194
OFF

Average Credit Card Debt In America: Experian Data Shows Jump

3 weeks from now

Feb 23, 2020 · The average American consumer now has $6,194 in credit card debt, according to Experian. This is up from $6,040 in 2018. As of November 2019, the average credit card APR …

usatoday.com

$13
OFF

Why Did Americans Suddenly Pay Off Credit Card Debt In …

3 weeks from now

Jan 9, 2025 · The total amount of revolving debt (mainly credit card debt) held by U.S. households fell by $13.8 billion in November from October to $1.36 trillion, on the heels of a $15.2 billion …

investopedia.com

20%
OFF

What Trump's Interest Cap Can Mean For Your Credit Card Debt

3 weeks from now

Jan 26, 2025 · This announcement comes amid soaring credit card debt, which has reached approximately $1.166 trillion, and average interest rates that exceed 20%. As many Americans …

bestmoney.com

FAQs about Average Credit Card Debt Study 2025 – Forbes Advisor Coupon?

How much credit card debt do Americans owe?

Average household debt: The average American household owes $10,757 in credit card debt. Average debt over time: The average American household’s credit card balance has increased by more than 84% since 1990, after adjusting for inflation. ...

Who has the most credit card debt in America?

The average consumer’s debt in America is $104,215. Generation X possesses the most credit card debt on average. The average Gen X individual has $9,255 in credit card debt. Alaskans have accrued the most credit card debt, with an average balance of $7,863. Men and women possess roughly the same amount of credit card debt. ...

What is the average credit card debt?

The average credit card debt by age ranges from $4,070 for people between the ages of 18 and 35 to $3,990 for people aged 75+. The combined average credit card debt (for all ages) is roughly $10,668 per household, according to WalletHub data and FDIC. It's even higher if you only consider households that carry a balance from month to month. ...

How does credit card debt compare to other Americans?

If you have credit card debt, you may wonder how your debt compares with that of other Americans. In the third quarter of 2022, the average American had $5,910 of credit card debt, a 13.2% increase from 2021’s average of $5,221, according to the most recent data from Experian®. ...

How much credit card debt do white Americans have?

Data source: Federal Reserve Survey of Consumer Finances (2023). White Americans have average credit card debt of $6,930 and a median credit card balance of $3,000, the most of any racial identity/ethnicity. ...

How much credit card debt does the average household have?

Many households struggle to manage increased living costs and high-interest payments. The average household has about $6,100 in credit card debt, but that number varies by demographic factors including age, family structure and education. Compare average credit card balances by age group: ...