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Average credit card debt by state. ... While each generation saw its debt climb between 2021 and 2022, the silent generation added the least amount of debt (4.4 percent), while Gen Z saw the ...
Surging inflation and rising costs have forced many consumers deeper into credit card debt. According to TransUnion, the average credit card borrower owed $6,380 in the third quarter of 2024 ...
Americans owe a record amount of money on their credit cards. Credit card balances increased by $27 billion during the second quarter of 2024, totalling a record $1.14 trillion, according to the ...
If it seems like you can't manage to break the cycle of credit card debt, you're not alone. TransUnion reports that as of the second quarter of 2024, the average credit card balance was $6,329.
Credit card debt is said [clarification needed] to be higher in industrialized countries. [10] The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. [11] The median credit card debt in the U.S. is $3,000 and number of cards held is two. [12]
Currently, the total U.S. consumer debt sits at a whopping $14.9 trillion, with the average American’s credit card debt hitting $5,315 and the average debt among those with a balance being $7,227.