Sentences with phrase «estimating average credit card debt»
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The average debt per account is close to $ 1,700, according to information from the New York Federal Reserve, but since consumers often hold more than one credit card, the credit card debt per American is much higher — estimated at over $ 5,000 by CreditCards.com and Transunion in separate analyses.
https://www.moneytips.com/
The chart estimates an average American consumer needs to add about $ 64 a month to his or her regular credit card payment to clear this year's holiday debt in time for next year's Christmas.
As of the end of 2016, we estimate the average debt per person to be $ 5,331 for those who own at least one credit card.
In 2016, the average American household carried around $ 16,000 worth of credit card debt and it's estimated that around 38 % of all American households carry some credit card debt so that the total amount of revolving debt in 2016 was around $ 929 billion.