Home Cardworthy's Corner™ Questions Average Family Debt

Professor Cardworthy™ Sez...

How much does the average family owe on their credit cards?
-- Based on current industry statistics and consumer surveys the average American household with at least one major credit card owes $9659. However, given that 13% of Americans carry credit card balances above $25,000, the median is about $6,600 for the typical card using household.
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