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by Drublic on February 5th, 2007

Drublic

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What is the total credit card debt in the U.S.?

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  • by Perryman on February 5th, 2007

    Perryman

    January 2006 Statistics, Last available:

    Total credit card debt in the United States has reached about $665 billion on bank credit cards and about $105 billion on store or gas credit cards. According to the Fed's G19 release, the total is roughly $800 billion.

    (Sources: www.cardweb.com and the Federal Reserve)

    Average household or individual debt (or both) is about $9,300 per household holding at least one credit card. (Source: www.cardweb.com)

    According to the advocacy group Demos, the average balance among lower- and middle-income households is $8,650.

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