Credit Card Debt Statistics

Credit Card Debt Statistics Data
Total U.S. credit card debt $793.1 Billion
Average credit card debt per household $15,799
Average household debt $54,000
Percent of consumers that carried an unpaid balance in the past 12 months 56%
Percent who said their debt had gotten "higher" in the past 12 months 26%
The average balance per open credit card $1,157
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%
Statistic & Data References
Sources: Federal Reserve, Join Economic Committee, Sallie Mae, TransUnion
Date research was conducted: July 1st, 2015