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Credit card debt is said [clarification needed] to be higher in industrialized countries. [10] The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. [11] The median credit card debt in the U.S. is $3,000 and number of cards held is two. [12]
Average Credit Card Debt up for Gen Z, Millennials and Gen X. Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...
Credit card debt, in particular, increased by $46 billion. According to a study from WalletHub, the median average credit card debt per state varies across the country. The study used credit and ...
Key credit card debt statistics. Average credit card balance in 2023: $6,501. Average credit utilization rate in 2023: 30% Average number of credit cards in 2021: 3.84
Here’s a snapshot of the study’s credit card data by generation in order from the highest to lowest median credit card debt amounts. Gen X: $6,255. Baby boomers: $4,862.
The Federal Reserve Bank of New York's third quarter report says credit card balances in the U.S. hit a record high of $1.08 trillion. For comparison, it reached about one trillion during the ...
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