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Key credit card debt statistics. Average credit card balance in 2023: $6,501. Average credit utilization rate in 2023: 30% Average number of credit cards in 2021: 3.84
As of the end of 2023, Americans had racked up an all-time record of $1.13 trillion in credit card debt. Total debt levels reached $17.503 trillion, or $104,215 per household. Part of this was due ...
Key takeaways from this report. 44% of credit cardholders say they carry card balances from month to month, according to Bankrate’s Chasing Rewards in Debt Survey. 36% of U.S. adults have more ...
Credit card debt is said [clarification needed] to be higher in industrialized countries. The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. The median credit card debt in the U.S. is $3,000 and number of cards held is two.
Editor's note: This version corrects the total amount of credit card debt in the third quarter of 2022. Gabriella is a personal finance reporter at Yahoo Money. Follow her on Twitter @__gabriellacruz.
In more recent years, foreign ownership has retreated both in percent of total debt and total dollar amounts. China's maximum holding of 9.1% or $1.3 trillion of U.S. debt occurred in 2011, subsequently reduced to 5% in 2018. Japan's maximum holding of 7% or $1.2 trillion occurred in 2012, subsequently reduced to 4% in 2018.
The average American with credit card debt owed $7,932 on their credit cards in 2023, according to New York Life’s latest Wealth Watch survey — a pretty significant increase from $6,321 the ...
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the ...