American Consumer Credit Statistics

American Consumer Credit Statistics According to the Federal Reserve, the U.S. is in the middle of a credit card debt crisis. In 2009, the credit card debt level had reached $1700 per household. The consumer debt remained almost constant throughout the year, culminating in a total of $2.5 trillion dollars. To understand the situation better, it's essential to look at some consumer credit statistics Household Credit Card Debt Statistics through 2012 How much is our average debt? $149,782 Average $15,257 mortgage debt $34,703 Average credit Average student card debt loan debt HOUSEHOLD Average credit card debt stands at a distressing $7,117 - a startling number considering that if DEBT you look at only those households that have debt, the average rises to $15,257. TOTAL DEBT $16.65 trillion $849 billion in credit card debt O $8.03 trillion. in mortgages $956 billion: in student loans TOTAL DEBT 0.7% CHANGES FROM LAST YEAR 4.6% STUDENT LOANS AVERAGE U.S. HOUSEHOLD CREDIT CARD DEBT BY YEAR (2006-2012) 18000 16000 14000 12000 10000 8000 6000 4000 2000 2006 2007 2008 2009 2010 2011 2012 Average debt/household Average debt/indebted household RESOURCES: -Creditreport.org -Nerd Wallet INFOGRAPHIC BY: CREDIT INFOCENTER The FREE DIY Guide to Credit & Debt Piktochart American Consumer Credit Statistics According to the Federal Reserve, the U.S. is in the middle of a credit card debt crisis. In 2009, the credit card debt level had reached $1700 per household. The consumer debt remained almost constant throughout the year, culminating in a total of $2.5 trillion dollars. To understand the situation better, it's essential to look at some consumer credit statistics Household Credit Card Debt Statistics through 2012 How much is our average debt? $149,782 Average $15,257 mortgage debt $34,703 Average credit Average student card debt loan debt HOUSEHOLD Average credit card debt stands at a distressing $7,117 - a startling number considering that if DEBT you look at only those households that have debt, the average rises to $15,257. TOTAL DEBT $16.65 trillion $849 billion in credit card debt O $8.03 trillion. in mortgages $956 billion: in student loans TOTAL DEBT 0.7% CHANGES FROM LAST YEAR 4.6% STUDENT LOANS AVERAGE U.S. HOUSEHOLD CREDIT CARD DEBT BY YEAR (2006-2012) 18000 16000 14000 12000 10000 8000 6000 4000 2000 2006 2007 2008 2009 2010 2011 2012 Average debt/household Average debt/indebted household RESOURCES: -Creditreport.org -Nerd Wallet INFOGRAPHIC BY: CREDIT INFOCENTER The FREE DIY Guide to Credit & Debt Piktochart