How Much Is The Average American Credit Card Debt?
For the past few years, you have probably see stories in newspapers all over the country bemoaning the amount of credit card debt that the average family has racked up.
So how much is the average American credit card debt in the USA? The average debt in years 2007 and 2008 was nearly $8500. This average debt has tripled in size since the early nineties. The typical American credit card holder shells out over $1200 a year in interest payments. With the current state of the economy and so many losing their jobs, that’s a huge amount of money.
All in all, consumers, in this country, are carrying a debt load of over two trillion dollars. This is substantially more than the total amount that consumers carried twenty years or so ago.
No Comments »
Leave a comment
You must be logged in to post a comment.