Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
What is the average credit card debt per person in America? The Fed says that the average revolving credit debt (aka credit cards) in the U.S. is $975.2 billion. If you divide that our it's $4,200 per citizen... 19% increase in two years. If you do it by the households in this country it's around $8,200... 13% increase. But then they say 25% of households don't even have credit cards so that would mean it's over $11,000 per household with credit cards.
I think this number is deceiving though since those numbers reported to the fed include all credit card debt - including that which is paid off in full every month.
So it's hard to tell how much real debt people have but it is safe to say credit card use is going up.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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