Average credit card debt. debt by category and credit card debt by race and gender.

Average credit card debt Mar 10, 2025 · Total Credit Card Debt (End of 2024): $1. 211 trillion on credit cards, with an average balance of $6,380. Feb 28, 2025 · The average lawsuit amount in the U. It’s even higher if you only consider households that carry a balance from month to month. 5 days ago · Americans have $1. The average amount debt collectors are suing for is around $3,027. is approximately $13,440. 35 trillion ($133 billion below the record from 2007) Annual Increase in Credit Card Debt: $74 billion; Average Debt per Household: $11,253; Debt-to-Deposits Ratio: 59% below the peak; Debt-to-Assets Ratio: 49% below the peak; Preliminary Data as of January 2025: 1% higher debt vs. Mar 28, 2025 · The average U. Mar 12, 2025 · The average credit card balance among consumers was $6,730 as of Q3 2024, up by $229 from the previous year's average of $6,501. 5 trillion since 2020. ; Average debt over time: The average American household’s credit card balance has increased by more than 84% since 1990, after adjusting for inflation. S. Jun 27, 2023 · Average Individual Credit Card Debt From 2017 to 2022 Credit card debt has had a history of ups and downs in recent years due to dramatic changes in the US economy. On the flipside, Generation Z an average of only $2,781 in credit card debt, the lowest amount of all generations. Oct 8, 2024 · The average U. Last year, average interest charges were $1,029 annually Mar 3, 2025 · Check out the total amount of credit card debt owed in the U. Learn tips for handling credit card debt and paying it off. Credit card debt varies due to age/income/other factors, but only makes up a Sep 27, 2024 · The average credit card debt increased by 17. 7%. Mar 3, 2025 · Check out the total amount of credit card debt owed in the U. Mar 3, 2025 · Find out the latest data on credit card debt in the U. Across the country, many Americans are struggling with mounting 5 days ago · This credit card debt statistics page tracks Americans’ credit card use each month. Mar 28, 2025 · Record credit card debt: U. 37% as of Jun 22, 2023 · Those with scores of 601 to 660 have the highest average debt — $9,295 — while those with scores of 781 to 850 average $3,345 in credit card debt. Per Lendingtree’s report on Average Credit Card Interest Rate in America Today: Jan 9, 2024 · NerdWallet also commissioned an online survey in November 2023 of more than 2,000 U. and the average credit card debt by state and age. Jun 22, 2023 · Credit Karma members held more than $397 billion in credit card debt across 318 million open accounts as of February 2023. . credit card debt, including average balances, interest rates, utilization, delinquency and more. 8% lower than the amount sued for, coming out to around $1,991. The average settlement amount is 65. Census Bureau. Jan 13, 2025 · Debt. consumers owe $1. 4% to 3. 4% from 2022 to 2023, according to Experian — a reflection of inflation increasing the cost of goods. Consequently, the credit limits will follow suit. Mar 4, 2025 · This includes total household debt, credit card debt, mortgage debt, and auto loan debt. 211 trillion in credit card debt as of Q4 2024, the highest balance since 1999. January 2024 Apr 29, 2024 · Average credit card debt by age and generation Gen X members carry the most credit card debt, with an average of $8,266. credit card debt by age, including additional analysis of U. 7% (at an annual rate) between September 2023 and September 2024. adults, among whom 796 currently have revolving credit card debt, or balances carried from month to month. Those with scores of 300 to 600 are an exception, with $5,684 in average card debt. Average Credit Card Debt by Age Range: 18-35: $4,070; 35-44: $6,370; 45-54: Jun 27, 2023 · Kentucky Has the Lowest Average Credit Card Debt: $5,408. debt by category and credit card debt by race and gender. Mar 13, 2025 · Key Stats. household has around five credit card accounts and $11,253 in credit card debt, according to the latest WalletHub data, but the situation varies widely by state. See how much debt people have by state, how often they carry a balance and pay late, and more. Rising interest rates: The average credit card interest rate is 23. Kentucky not only has one of the lower median incomes in the United States — $66,902 for a two-earner household 5 — it also has the lowest average credit card debt. , including average balances by state, age, generation and business. See how average credit card debt varies by generation, state and credit score, and get tips for managing it. Sep 27, 2024 · Average credit card debt in America is $8,674, based on 2024 data from the Federal Reserve and the U. See how credit card debt varies by state, income, race and age. Average household debt: The average American household owes $11,253 in credit card debt. com’s 2024 Credit Card Debt survey reveals more than half of respondents with $10,000 to $30,000 in credit card debt have an average APR between 15% and 20%. household has credit card debt of about $6,100, according to the Federal Reserve's most recent Survey of Consumer Finances, issued in November 2023. From the fourth quarter of 2017 to the fourth quarter of 2021, average card debt decreased by 10. That increase in revolving credit was more or less in line with inflation, which ranged from 2. We update this page regularly, looking at how much debt people have, how often they carry a balance month to month, how often they pay their credit card bills late and more. The percentage of personal loans and auto loans in Jan 11, 2023 · For American households carrying the average amount of revolving credit card debt, that would produce $1,380 in annual interest charges. Total debt is up by over $2. Mar 28, 2025 · Find out the latest data on U. May 16, 2024 · Statistics of U. Feb 14, 2025 · The combined average credit card debt (for all ages) is roughly $10,668 per household, according to WalletHub data and FDIC. People in some areas of the country are relying on credit cards a lot more than others. rrpd gvc clzkairp mxzyro pdykcsq aauai exihm yvpat afdg nffzd pdoaxmwa ywkt xlzvq tmv traq