Credit Card Debt Statistics

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Credit Card Debt Statistics Data
Total U.S. credit card debt $795,325,000,000/td>
Average credit card debt per household $15,999
Average household debt $56,210
Percent of consumers that carried an unpaid balance in the past 12 months 57.3 %
Percent who said their debt had gotten "higher" in the past 12 months 26 %
The average balance per open credit card $1,357
Percent of disposable income that went to service credit card debt 13.9 %
Percent of families whose debt exceeds 40% of their income 14.7 %
Average credit card debt carried by undergraduate college students $3,173
Alaska has the highest average cardholder debt of $7,827
Percent of cardholders whose balance is less than $1,000 40 %
Percent of cardholders whose balance is above $10,000 15 %
Average combined credit card limit per consumer $19,000
Average debt of a college graduate $20,000
Percent of 18 to 24 year-olds who have "debt hardships" 20 %
Percent of survey who believe they had the same or less debt than the average 90 %
Miami has the highest percent of yearly income owed to credit debt 22.61 %
Percent of college students who have credit cards 76 %
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Statistic Sources & References
Sources: Federal Reserve, Join Economic Committee, Sallie Mae, TransUnion
Content Author: Statistic Brain

Date research was conducted: September 2, 2016

Credit Card Debt Statistics

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