What is the average credit card debt for an American household?
Jackson Reed
Updated on February 02, 2026
The average American has $90,460 in debt, according to a 2021 CNBC report. That included all types of consumer debt products, from credit cards to personal loans, mortgages and student debt. The average amount of debt by generation in 2020: Gen Z (ages 18 to 23): $16,043.
What is the average amount people owe on credit cards?
Revolving debt has declined during the COVID-19 pandemic, partly due to these changes in spending. Here’s an overview of credit card debt among U.S. consumers: $1,621 per account, U.S. adults with a credit report and Social Security number. $2,044 average balance on store credit cards.
What is the average credit card debt in UK?
Average UK Credit Card Debt for Every Household At the start of 2020, the average UK debt per household was £2,592. This is a slight decrease from the start of 2019 where it was £2,601.
How much credit card debt does the average 50 year old have?
The average credit card balance among consumers in their 50s was $8,364 in Q2 2019. That’s up 3% from an average of $8,116 in Q2 2018….Consumers in Their 50s.
| Average Credit Card Debt Among Consumers in Their 50s | |
|---|---|
| Age | Average Credit Card Debt |
| 50 | $8,635 |
| 51 | $8,658 |
| 52 | $8,644 |
How much debt is the average person in UK?
What are the different kinds of debt? The average UK adult is £30,575 in debt – and that’s without student loans. When you borrow money, it can either be secured or unsecured debt. The main difference is that a secured loan means you borrow against an asset such as a house.
What is the average mortgage debt in UK?
The average UK mortgage debt in 2020 is currently £137,934. There has been a dramatic drop in mortgage approvals in 2020 (almost 87%) which has been mainly due to the COVID-19 pandemic. The average price of a house in March 2020 was £231,855. This is a 2% increase from March 2019.
How much does the average American household have in credit card debt?
And for Americans carrying that debt, the impact is significant. The average U.S. household with credit card debt has an estimated $6,803 in revolving balances, or balances carried from one month to the next, the analysis found.
What’s the average credit card debt in the UK?
Total credit card debt in the UK was £72.1 billion at the beginning of 2020. That was down slightly from £72.4 billion in 2019. Average credit card debt per household was at £2,592 at the beginning of 2020. That was down from the level in 2019, but average credit card debt per household has risen 8.8% over the past decade.
What was the national credit card debt in 2008?
National credit card debt exceeded $1 trillion in 2008. That was an average of $8,299 in credit card debt per household. It was 38% of total U.S. consumer debt.
How much has credit card debt increased in the past year?
Credit card debt has increased more than 7% in the past year and almost 37% in the past five years. Some households are more likely to carry credit card balances than others.
