Sentences with phrase «average credit card debt»

The current national average credit card debt per person exceeds $ 9,000.

During the course of our study on average credit card debt, we observed some significant differences among different demographics and regions.

This tells us that the while average credit card debt is increasing, it's not due to a greater number of individuals spending.

In the following sections we explore these differences to see how average credit card debt varies among the population.

The national average credit card debt is growing every day, and it's reached record highs in recent months.

Simply by looking at the increasing average credit card debt, one can quickly see how this is not sustainable.

Average credit card debt varied widely by state or region.

Just barely lower than Alaska's credit card debt, New Jersey has the second - highest average credit card debt in the nation, which is the leading cause for the Garden State's position on the worst - states - for - saving list.

Alaska was followed by Nevada, which had average credit card debt of $ 6,638, and Tennessee where residents averaged $ 6,560 of debt.

The Federal Reserve reports that credit card debt levels are continuing to fall, and that average credit card debt for individuals has fallen to $ 4951 as of June 30.

Another method for estimating average credit card debt is to look only at indebted households - excluding who pay their balances in full on a monthly basis.

Once this was done, towns, cities, and states could be ranked on their respective average credit card debt as per Experian's Premier Aggregated Credit Statistics dataset.

Generation X comes in a close second in average credit card debt at $ 6,866 per person.

Credit Karma reports that average consumer credit card debt levels fell by about $ 1000 between January 2009 and now, which puts average credit card debt at about $ 6400.

There was a 0.72 correlation between average credit card debt in a city and its credit card rewards participation rate.

Over this time, average credit card debt rose from $ 5,048 to $ 7,697.

Consumers average credit card debt fell four per cent from the fourth quarter, when Canadian spending ramped up for the holiday shopping period.

They have nearly equal average credit card debt.

The figures for average credit card debt come from Experian, the big credit bureau, which sampled 15 million credit reports in mid-2017.

The figures for average credit card debt show that too many Australians are carrying more debt than they can afford.

Massachusetts also holds the statistic of having the lowest amount of credit card debt per household in the United States, floating below the «$ 6,500 in total average credit card debt mark».

North and South Dakota, and Nebraska were among other states which came in with low average credit card debt per household — the three held an average of $ 4,182.

As discussed above, average credit card debt in America has been rising over the last decade.

With the average debt for MBA hovering over $ 35,000 and average credit card debt for grad students at $ 8,500 +, newly minted MBAs will need to understand how to manage their finances once they enter the workforce.

* The above figures are based on average credit card debt, average APR, and assumes fixed monthly payments of $ 500.

Holding the highest average credit card debt per household of the top 10 states, could the stereotypical â $ œfrugal Midwesternâ $ theory crack?

Another method for estimating average credit card debt is to look only at indebted households - excluding who pay their balances in full on a monthly basis.

There was a 0.72 correlation between average credit card debt in a city and its credit card rewards participation rate.

Those with really bad credit histories saw a 26 percent increase in their average credit card debt since 2015.

During that time there was a severe drop in average credit card debt, despite total outstanding revolving debt continuing to rise.

As of June 2017, the average credit card debt for these households is $ 10,955.

The average credit card debt for those that carry a balance is around $ 16,000.

The average credit card debt and other forms of debt that most Americans carry may surprise you.

In South Dakota the average credit card debt is $ 5,653 and 140 out of every 100,000 thousand residents declare bankruptcy.

In New Jersey the average credit card debt is $ 6,013 and 304 out of every 100,000 thousand residents declare bankruptcy.

In Delaware the average credit card debt is $ 6,056 and 257 out of every 100,000 thousand residents declare bankruptcy.

In Illinois the average credit card debt is $ 5,935 and 470 out of every 100,000 thousand residents declare bankruptcy.

In Missouri the average credit card debt is $ 5,431 and 352 out of every 100,000 thousand residents declare bankruptcy.

In Wisconsin the average credit card debt is $ 5,142 and 369 out of every 100,000 thousand residents declare bankruptcy.

In Iowa the average credit card debt is $ 4,734 and 165 out of every 100,000 thousand residents declare bankruptcy.

In Colorado the average credit card debt is $ 6,323 and 341 out of every 100,000 thousand residents declare bankruptcy.

In Indiana the average credit card debt is $ 5,288 and 450 out of every 100,000 thousand residents declare bankruptcy.

In Utah the average credit card debt is $ 5,532 and 468 out of every 100,000 thousand residents declare bankruptcy.

In Florida the average credit card debt is $ 5,754 and 347 out of every 100,000 thousand residents declare bankruptcy.