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News • 10 months ago

Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments

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Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments

@return2ozma to

News • 10 months ago

Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.

Americans now owe $1.13 trillion in credit card debt

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@Paraponera_clavata
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1•10 months ago
Anyone know how they calculate it? Average of all credit card holders? All US households? Average of all those behind on payments?
- @[email protected]
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  fedilink
  2•10 months ago
  $1.13T/$6,360 equals roughly 177 million people. There are 259 million adults in the US, so it must be by card holders.

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