How Much Does the Average American Owe?
As of September 2013 the average US household credit card debt stands at $15,185, the result of a small number of deeply indebted households forcing up the numbers. Based on Federal Reserve statistics, the average household owes $7,084 on their credit cards.
The average American household owed far more than the norm, and also that the average indebted household owed far more than the average household overall. Large discrepancies like this show that a relatively small number of households were deeply in debt.
Here is the takeaway:
- Overall debt is down.
- The average indebted household is less in debt.
How much credit card debt do you have?
Kevin brings over 15 years of experience in marketing, with a specialized expertise in growing online businesses. As the Director of Marketing at a leading FINtech company, he employs innovative strategies to enhance brand visibility and customer engagement. Kevin’s passion lies at the intersection of technology and finance, where he pioneers solutions that not only meet but exceed consumer expectations. His commitment to leveraging his expertise ensures impactful results and the building of lasting relationships in the digital landscape.
