What demographic has the most credit card debt?
Daniel Santos
Updated on February 04, 2026
Despite having the lowest percentage of cardholders who carry a balance, white, non-Hispanic families had the highest average credit card debt at $6,500, followed by other/multiple-race families at $5,700, and African American and Hispanic/Latino families at $3,800. Data source: Federal Reserve Board (2016).
Who is most affected by credit card debt?
The youngest Americans (18 to 29) suffer the highest delinquency rates of 9.36%. That’s 76% higher than the total average credit card delinquency rate. Older Americans (50+) have delinquency rates below 5%, which tends to track with their increased wealth compared to younger generations.
Which age group tends the most credit card debt?
Credit Card Debt Highest Among Consumers in Their Early 50s Overall, 51-year-old consumers in the U.S. have the highest average credit card balance of all, carrying an average of $8,658, according to Q2 2019 Experian data.
What age group is most in debt?
The average American debt totals $52,940. That includes mortgages, home equity, auto, student, and personal loans, plus credit card debt. Debt peaks between ages 40 and 49, and the average amount varies widely across the country.
What is the average credit card debt by age?
Average credit card debt by age
| Median credit card debt | Percentage who carry debt | |
|---|---|---|
| 45-54 | $3,200 | 51.7% |
| 55-64 | $3,000 | 46.6% |
| 65-74 | $2,850 | 41.1% |
| 75 or older | $2,700 | 28.0% |
What is the average person’s credit card debt?
The average credit card debt of U.S. families is $6,270, according to the most recent data from the Federal Reserve’s Survey of Consumer Finances. This information comes from data collected through 2019, representing the most reliable measure of credit card indebtedness in the U.S.
Who is the most in debt person?
Jerome Kerviel: The most indebted person in the world, owes $4.9 billion.
Who are the people with the most credit cards?
Credit card ownership by age: Baby boomers have the highest average number of credit cards at 3.5, but millennials have the highest average balances on their credit cards at $7,750. [1] Of all millennials, (people ages 25 to 34 years), 83% use credit cards.
What’s the average credit card balance in the US?
Below, we examine credit card statistics and trends for individuals and the industry alike. How Do People Use Credit Cards? Credit card statistics on the average American: The average American has a credit card balance of $5,313 and a credit score of 710. [1] What is the average credit card debt per person?
What’s the average rate of credit card ownership?
The rate of credit card ownership decreases by age bracket: 86% for people ages 45 to 59, 80% for people ages 30 to 44, and 75% for people ages 18 to 29. [7] Residents of Minnesota have the highest average credit score in the nation at 709, while residents of Mississippi have the lowest at 647.
What’s the percentage of people who do not have a credit card?
Another 29.5% of credit card users are transactors, which means they don’t carry a balance and have no financing charges. The remaining 26.5% of credit card users show no activity. [3] When given a choice, 44% of survey participants indicated they would prefer to make payments with a debit card.
