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Across the country, many Americans are struggling with mounting credit card debt. The most recent data from the Federal Reserve reveals that credit card debt sits at $1.14 trillion—yes, that’s ...
NerdWallet’s annual look at household debt finds that credit card debt is up more than 12% compared with last year, for a total of more than $1.2 trillion, as of March 2024. [1] Mortgages, auto ...
Credit Card Debt Statistics. At the end of 2023, the average credit card debt per borrower was $6,360, or about 10% higher than the year before—ushering in an all-time high. [1]
Credit card debt in the United States has been growing at a fast pace between 2021 and 2023. In the fourth quarter of 2023, the overall amount of credit card debt reached its highest...
Record credit card debt: U.S. consumers owe a record $1.142 trillion on credit cards as of Q2 2024. Average debt rising: The average American credit card debt is $6,501 in 2023, up 10% from 2022.
Americans’ total credit card balance is $1.142 trillion in the second quarter of 2024, according to the latest consumer debt data from the Federal Reserve Bank of New York. That’s up from $1.115 trillion in the first quarter of 2024 and is the highest balance since the New York Fed began tracking in 1999. This is the eighth time in the past ...
Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday. Card...
NerdWallet’s annual look at household debt finds that credit card balances carried from month to month have increased over the past 12 months, totaling an estimated $489 billion as of March...
Key Stats. Total Credit Card Debt (End of Q2 2024): $1.28 trillion (13% below the peak on an inflation-adjusted basis) Change in Q2 2024: $36 billion increase Average per Household: $10,680 Debt to Deposits Ratio: 60% below the peak Debt to Assets Ratio: 50% below the peak Preliminary Results for July 2024: 4% higher debt than July 2023
According to NerdWallet’s calculations, among households that had credit card debt in December 2023, the average amount was $21,367. That is a combined total across all of the card accounts in a ...