Question

 What Is the Average American's Credit Card Debt?

Answer 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
http://www.answerbag.com/q_view/1793348

Top Q&A For: What Is the Average American's Credit Card Debt

How much credit card debt do Americans have?

The average American household has $15,519 in credit card debt, according to CreditCards.com, as of April 2010. This figure is calculated by dividing the total revolving debt in the United States, ... Read More »
http://www.answerbag.com/q_view/2202701

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 »
http://www.answerbag.com/q_view/1967610

What is the average credit card debt?

According to Credit Cards.com, 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 »
http://www.answerbag.com/q_view/2105603

What is the average credit card debt in America?

The average American with a credit card has an outstanding balance of $15,788 as of May 2010, according to CreditCards.com. The typical credit card user has 3.5 accounts and an annual percentage ra... Read More »
http://www.answerbag.com/q_view/2101504


feedback
loading