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.
Most studies
put the average credit card debt of cardholders at anywhere from $ 5,100 to more than $ 8,000.
Not exact matches
NerdWallet's 2017 household
debt study shows that several major spending categories have outpaced income growth over the past decade; many Americans are
putting medical expenses on
credit cards; and the
average indebted household is paying hundreds of dollars in
credit card interest each year.
And adding $ 800 or so to the
average household
credit card debt of $ 7087 is bound to
put more pressure on you when it comes to repayments.
In celebration of
credit cards, LendEDU has
put together a comprehensive report detailing the
average credit debt in individual U.S. cities and states.
Putting $ 100 worth of expenses on
credit cards at the current
average interest of 17.42 percent would mean $ 9,600 in
debt upon graduation.
Because the
average American has $ 4,717 of
credit card debt, saving money allows you to have extra funds on hand when you need to
put something on your
credit card now to pay later.