2024 Credit Card Debt Statistics - LendingTree
3 days ago · Americans’ credit card debt is $239 billion higher than the pre-pandemic record set in the fourth quarter of 2019, when balances stood at $927 billion. (A 26% increase.) However, thanks to still-sky-high interest rates, stubborn inflation and myriad other economic factors, credit card balances are likely only going to climb.
Credit card debt hits record $1.17 trillion, New York Fed finds
Nov 13, 2024 · Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. …
Average Credit Card Debt Study 2024 – Forbes Advisor
5 days ago · The most recent data from the Federal Reserve reveals that credit card debt sits at $1.14 trillion—yes, that’s trillion with a “t”—in Q2 2024. The figure represents a meaningful increase...
What Is the Average Credit Card Debt in America? - Investopedia
May 15, 2024 · The average credit card debt per borrower in America is $6,360. This is an all-time high. Credit card debt in America rose 4.6% in the fourth quarter of 2023, reaching $1.13 trillion.
Maxed Out: Inside America's $1.14 Trillion Credit Card Debt Crisis
Consumers are collectively $1.12 trillion in credit card debt. Everyday borrowers share how they're navigating our modern-day debt machine.
Americans continue to rack up credit card debt, hitting a record …
Aug 6, 2024 · U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released Tuesday by the Federal Reserve Bank of New York show. That's $27 billion more than the $1.13...
Average American Credit Card Debt in 2024 | The Motley Fool
Dec 10, 2024 · U.S. credit card debt: Total U.S. credit card debt reached $1.166 trillion in Q3 2024. Average debt per American: The average American credit card debt balance is $6,380 as of Q3 2024....
Average Credit Card Debt in America - MoneyGeek
Nov 5, 2024 · Average cardholder had $7,209 in credit card debt in Q1 2024, up from $6,740 in Q1 2023. Individuals aged 65-74 had the most debt ($7,700), while those 75+ had the least ($4,000). Alaska had the highest average credit card debt at …
Total credit card debt in the US just reached a new record - USA TODAY
Feb 7, 2024 · Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday. Card...
State of credit card report - Experian
Dec 12, 2024 · This report provides an in-depth analysis of the credit card landscape, offering key insights to help your business tackle today’s challenges and uncover opportunities for growth. Key insights: Credit card debt reached an all-time high of $1.17 trillion in Q3 2024. About 19 million U.S. households were considered underbanked in 2023.