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

Answer 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 »

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How Much Debt Does the Average American Have?

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 »

How much credit card debt does America have?

The February 2010 Nilson Report estimates Americans owe more than $772.19 billion in credit card debt, which averages out to $15,788 of credit card debt per person. Americans used credit cards for ... Read More »

What is the average credit card debt?

According to Credit, the "average credit card debt per household with credit card debt" is $15,788 as of May 2010. The average is calculated by dividing the total U.S. credit debt of $852... Read More »

What Is the Average American's Credit Card Debt?

The average household owes $8,000 in credit card debt alone. This is partly due to the fact that nearly 43 percent of families spend more than they make every year.Source:Comparing Debt