Credit Card Debt: Falling, But Still Very High

???? Vol.5 ??????

Consumer credit card debt in the U.S. has been edging down in recent years after peaking in July 2008 at $1 trillion (about the size of Mexico’s annual GDP). According to data from the Federal Reserve, as of July 2013, the average indebted household in the U.S. carries credit card debt of $15,325, although that figure is somewhat skewed by a small number of extraordinarily debt-stricken families and couples. But that average credit card balance pales in comparison with average mortgage debt ($147,924) and average student loan debt ($32,041).
This entry was posted in Uncategorized and tagged , , , , , . Bookmark the permalink.