What is the average amount of credit card debt for a person in this country?

Question

And how many cards does the average person have?

Answer 1

according to this USA today article , in 2004, the average was 9,312$

http://www.usatoday.com/money/perfi/credit/2005-11-17-mym-credit_x.htm

according to a yahoo article, it was $8,562

more stats from the same article dated 2/9/04

Total consumer credit: $1.7 trillion.
Credit card debt carried by the average American: $8,562.
Total finance charges Americans paid in 2001: $50 billion.
Percent of U.S. households deemed credit worthy by the lending industry: 78%.
Number of credit card holders who declared bankruptcy last year: 1.3 million.

http://ask.yahoo.com/ask/20040209.html

i could not find reference to anything more recent, but I'm sure it has gone up some

Answer 2

own debt takes position for all forms of motives- education expenditures, medical subject matters, lack of employment, and straightforward overspending. The banks actual opt to diminish prices and provides you human beings some respiration room, that is a fact yet i don't believe of forgiving debt for shoppers is the answer. I stay in Fla too, and don't understand what the relationship to 9-11 is except your employment change into by some ability effected? equity isn't an challenge contained in the "authentic" man or woman international, and the purely element we are able to do is vote in a distinct way contained in the destiny instead of giving our usa away to morons as we've contained in the previous.

Answer 3

I'm way above average. I owe $35,000 in cc debt. I raised my son alone, single w/out child support.

No car payment, I drive a 10 year old pickup. I have 6 credit cards and a score of 775. I have no house and no mortgage.

No cc rate is above 3.99%.

Answer 4

i'm not sure about the average amount. but the average american has at least 12 credit cards. and that doesn't include loans and car payments and mortgages