In this article, we will talk about credit card debt statistics, and if you want to know more about the factors associated with credit card debt, the following information might be what you’re looking for.
General Credit Card Debt Statistics and Facts 2023
Credit Card Debt Demographic Statistics 2023
US Credit Card Debt Statistics 2023
Credit Card Debt Trends 2023
How much debt does the average person have on their credit card?
The average American carries $6,194 in credit card debt. The reason for such a high figure is home mortgages. Credit card debt is the next main source of debt, followed by education and auto loans.
How much debt does the average 35-year-old have?
The average 35-year-old has $135,841. The reason for such a high figure is home mortgages. Credit card debt is the next main source of debt, followed by education and auto loans.
What percentage of college students have credit card debt?
On average, college students have more than $3,280 worth of credit card debt. 64.8% of college students have some form of credit card debt.
Conclusion
Now you appreciate the level of credit card debt, it might spur you into deducing your own. Finding yourself in debt can be stressful and put an unnecessary strain on relationships and affect those around you. Sources: Moneygeek Lending Tree Valuepenguin Annuity NerdWallet Spendesk Forbes College Finance About
