Sentences with phrase «average credit card debt rose»
Over this time, average credit card debt rose from $ 5,048 to $ 7,697.
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During that time there was a severe drop in average credit card debt, despite total outstanding revolving debt continuing to rise.
Further reinforcing my thesis that the average household has largely reached a point of «saturation» on the amount of debt that it can support, the Federal Reserve reported that credit card delinquencies on credit cards issued by small banks have risen sharply over the last year.
In recent years, while the number of people holding credit - card debt has been decreasing, the average debt for those households carrying a balance has been on the rise.
The average credit card debt for an American household is $ 5,700, and it rises to more than $ 16,000 for households that do not pay off their balances each month.
During that time there was a severe drop in average credit card debt, despite total outstanding revolving debt continuing to rise.
The average American household has $ 5,700 in credit card debt, but when you exclude households that have no credit card debt, that number rises to over $ 16,000.
The average amount of credit card debt per family is rising dramatically when compared to 10 years ago.
Using data from the U.S. Census Bureau and the Federal Reserve, ValuePenguin found that the average credit card debt for households that carry a balance is a shocking $ 16,048 — a figure that has risen by 10 % over the past three years.
The average American household has $ 5,700 in credit card debt, but when you exclude households that have no credit card debt, that number rises to over $ 16,000.
From 1989 to 2006, total credit card charges rose from $ 69 billion to $ 1.8 trillion; a 2,600 per cent increase, and today the average household credit card debt is $ 16,007.