How many Americans are in severe debt?

Answer The good news is that not as many Americans are in severe debt as one might fear. About five percent of Americans carry too much credit card debt. About one percent of these Americans have $20,000 ... Read More »

Top Q&A For: How many Americans are in severe debt

What percentage of Americans are in debt?

According to the Federal Reserve's most recent Consumer Finance Survey, 77 percent of American families are in debt. About 46.9 percent pay installments on loans, and 46.1 percent owe balances on c... Read More »

What percent of Americans are in debt?

Approximately 80 percent of Americans are in debt if cars and homes (examples of secured debt) are included, according to American Debt Advisor. By excluding those, the number of Americans in debt ... Read More »

How much credit card debt do Americans have?

The average American household has $15,519 in credit card debt, according to, as of April 2010. This figure is calculated by dividing the total revolving debt in the United States, ... Read More »

How much do Americans pay in interest on credit card debt?

Depending on the credit card company, Americans generally pay between 10 percent and 30 percent interest, based on credit history. Rates can get as high as 79.99 percent. Borrowers with excellent c... Read More »