Archive

Go to:

August 2017
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Jul Sep >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

Indebted U.S. Household Carrying More than $15,000 in Credit Card Debt
Tuesday, April 8, 2014 7:00 AM

According to analysis of Federal Reserve statistics and other government data, the average household owes $7,087 on their cards, and looking only at indebted households, the average outstanding balance rises to $15,191.

Current as of April 2014:

U.S. household consumer debt profile:

  • Average credit card debt: $15,191
  • Average mortgage debt: $154,365
  • Average student loan debt: $33,607

In total, American consumers owe:

  • $11.68 trillion in debt (an increase of 3.7 percent from last year)
  • $854.2 billion in credit card debt
  • $8.15 trillion in mortgages
  • $1,115.3 billion in student loans (an increase of 13.9 percent from last year)

Credit card debt is the third largest source of household indebtedness. Only the mortgage and student loan debt markets are larger. 

Here are the latest credit card debt statistics from the Federal Reserve:

 

Total Credit Card Debt

Average Household Credit Card Debt

Average Indebted Household Debt

February 2014

$854.2 billion

$7,087

$15,191

Change from January

-0.28%

-0.35%

-0.35%

Change from February 2013

0.73%

-0.09%

-0.09%

Change from January, annualized

-3.39%

-4.20%

-4.20%