How Much Debt Does the Average American Have?

Answer In 2009, the average American owed an average of $8,400 in credit card debt alone, according the U.S. Census Bureau. Debt in America has reached $2.43 trillion, or approximately $21,900 per househo... Read More »

Top Q&A For: How Much Debt Does the Average American Have

How much does the average American owe in credit card debt?

The average credit card balance for American households was $7,300 in 2007, a 30.4 percent increase from 2004, according to a Federal Reserve report. The median balance for households with a credit... Read More »

How much debt does the average teenager have?

Teens who are in college may find themselves carrying debt. As of 2008, more than 40 percent of college students had a credit card, but only 15 percent of those users had no balance on their card. ... Read More »

What is the average debt of the American family?

As of 2009, the average debt of all families in the United States was $16,046, according to For families that have credit cards, the average combined debt of the cards and any othe... Read More »

How much does the average American spend a day?

An average American household makes $63,000 per year and spends about $136 of it per day (nearly $50,000 per year). The biggest single cost is housing, which eats up a third of the spending.Source... Read More »