Credit Card Debt Statistics

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Credit Card Debt StatisticsData
Total U.S. credit card debt$729,000,000,000/td>
Average credit card debt per household$15,675
Average household debt$132,158
Percent of consumers that carried an unpaid balance in the past 12 months57.3 %
Percent who said their debt had gotten "higher" in the past 12 months26 %
The average balance per open credit card$1,357
Percent of disposable income that went to service credit card debt13.9 %
Percent of families whose debt exceeds 40% of their income14.7 %
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 $1,00040 %
Percent of cardholders whose balance is above $10,00015 %
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 average90 %
Miami has the highest percent of yearly income owed to credit debt22.61 %
Percent of college students who have credit cards76 %
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Statistic Sources & References
Sources: Federal Reserve, Join Economic Committee, Sallie Mae, TransUnion
Content Author: Statistic Brain

Date research was conducted: October 3, 2016

Credit Card Debt Statistics

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