10+ Ways What Is The Average Credit Card Debt In America

10+ Ways What Is The Average Credit Card Debt In America. This debt load is more than $1,500 higher than the next state in line: As of april 2022, the average credit card utilization was just over 31%, up from 29.6% a year earlier. Moreover, the average debt per credit card account holder increased by 3% over the same period, while the number of people with a balance on their account increased by 31. Had $5,668 in credit card debt in q2 2021 — that's 1% higher than q1 2021's $5,611 average.

Consumers used credit cards and debit cards for a majority of. From the first q1 2020 to q2 2021,. The average us credit card debt balance is $6,194.

The average credit card debt in the u.s.

Us credit card debt 0.887t usd for q2 2022 overview; The average value of a cash transaction is $22, compared to the average value of a credit card transaction at $57. Alaska had the highest average credit card debt at $7,089.

Americans’ Outstanding Revolving Debt, Most Of Which Is Credit Card Debt, Reached $998.4 Billion 2 In July 2021, According To Data From The Federal Reserve.

On average, americans carry $6,194 in credit card debt, according to the 2019 experian consumer credit review.

Conclusion of 10+ Ways What Is The Average Credit Card Debt In America.

This debt load is more than $1,500 higher than the next state in line: Your utilization rate, the ratio of debt to total credit, is one of many factors. Americans have an average credit utilization rate of 25.6%. The average us credit card debt balance is $6,194.