Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Credit Card Debt Statistics

Here are some recent statistics involving credit card debt in America according to the most current research:

•    Almost 80 percent of American households had at least one activated credit card in 2008.
•    Each adult American has an average of 5.4 open credit card accounts.
•    An estimated 98 percent of college undergraduates already have a credit history. Forty percent of college freshmen have a credit card when they arrive on campus.
•    Consumer debt in 2009 reached $100 billion.
•    The average credit card debt per household in the US is $8,329, according to the Neilson report.
•    The average college graduate has $20,000 in debt.
•    Forty percent of credit card holders pay off their debts each month or carry less than $1,000 in debt at any given time.
•    One out of three Americans say that it has become more difficult to pay of their credit card debts in recent times.