Average American Credit Card Debt By Generation, Income, And Percentile

The average American household carried a $2,846.81 credit card balance in 2019. That debt was concentrated in only a few households, however – the median household carried no balance cycle to cycle, while the top 10% of households had $8,500 in credit card debt. 54.6% of households held no credit card debt. In this post, I’ll talk about credit card debt in America….