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What is the average household credit card debt

Posted on 7/13/15 at 3:29 pm
Posted by oldcharlie8
Baton Rouge
Member since Dec 2012
7803 posts
Posted on 7/13/15 at 3:29 pm
not interested in yours but, what do you think the average household credit card debt is?

just curious.
Top Replies
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/13/15 at 3:29 pm to
quote:

Based on an analysis of Federal Reserve statistics and other government data, the average household owes $7,400 on their cards; looking only at indebted households, the average outstanding balance rises to $15,863. Here are statistics, trends, studies and methodology behind the average U.S. household debt.


LINK
This post was edited on 7/13/15 at 3:30 pm
All Replies (44)
Posted by SidewalkDawg
Chair
Member since Nov 2012
9820 posts
Posted on 7/13/15 at 3:29 pm to
10-15k for the average person I'd say.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 7/13/15 at 3:29 pm to
quote:

Based on an analysis of Federal Reserve statistics and other government data, the average household owes $7,400 on their cards; looking only at indebted households, the average outstanding balance rises to $15,863. Here are statistics, trends, studies and methodology behind the average U.S. household debt.


LINK
This post was edited on 7/13/15 at 3:30 pm
Posted by Ellakennedi
Member since Aug 2012
665 posts
Posted on 7/13/15 at 3:29 pm to
I'm pretty consistent at 10,000
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51215 posts
Posted on 7/13/15 at 3:30 pm to
$10k - $15k
Posted by constant cough
Lafayette
Member since Jun 2007
44788 posts
Posted on 7/13/15 at 3:36 pm to
Mine is zero. Always has been always will be.
Posted by Artie Rome
Hwy 1
Member since Jul 2014
8757 posts
Posted on 7/13/15 at 3:38 pm to
quote:

What is the average household credit card debt


quote:

Mine is zero. Always has been always will be.


Good for you? Now if you could only learn how to read a question and respond, they might let you play with the glue.
Posted by GoHoGsGo06
Member since Nov 2006
5739 posts
Posted on 7/13/15 at 3:39 pm to
quote:

Mine is zero. Always has been always will be.
you don't use credit cards or you just payoff the balance each period?
Posted by drewnbrla
The Pool is closed.
Member since Mar 2011
7839 posts
Posted on 7/13/15 at 3:40 pm to
Tree fiddy











































thousand
Posted by TigerHam85
59-024 Kamehameha Highway
Member since Nov 2009
31493 posts
Posted on 7/13/15 at 3:41 pm to
Credit card debt? $0

Other debt? Who knows
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 7/13/15 at 3:43 pm to
Holy schnikes!

I am one who pays it off, but can see maybe a bad month where some might have to leave a balance. So i can see an average of 2-3 grand maybe. But 15k @ 15%-25% interest would seriously hurt me. How do people get into that kind of situation?
Posted by JohnZeroQ
Pelicans of Lafourche
Member since Jan 2012
8513 posts
Posted on 7/13/15 at 3:47 pm to
Never messed with major credit cards... I have a credit card to the bank I use as overdraft protection

$300/dollar limit
Posted by Sev09
Nantucket
Member since Feb 2011
15552 posts
Posted on 7/13/15 at 3:51 pm to
quote:

10-15k for the average person I'd say.


Posted by Sev09
Nantucket
Member since Feb 2011
15552 posts
Posted on 7/13/15 at 3:52 pm to
quote:

Good for you? Now if you could only learn how to read a question and respond, they might let you play with the glue.


#DebtTriggerddddd
Posted by Crawdaddy
Slidell. The jewel of Louisiana
Member since Sep 2006
18354 posts
Posted on 7/13/15 at 3:55 pm to
10-15K ??

Are people really this stupid?
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 7/13/15 at 4:02 pm to
Have ya'll seen the number of brand new boats being pulled around by brand new trucks and other shiny toys? Yes, people are in debt all over the place.

That said, using a rewards CC that gets paid off every month is a smart move IMO.
Posted by sjmabry
Texas
Member since Aug 2013
18494 posts
Posted on 7/13/15 at 4:08 pm to
About $5,000 at my house...
Posted by meeple
Carcassonne
Member since May 2011
9312 posts
Posted on 7/13/15 at 4:10 pm to
quote:

Mine is zero. Always has been always will be.

Posted by Sev09
Nantucket
Member since Feb 2011
15552 posts
Posted on 7/13/15 at 4:13 pm to
Driving down Gardere today and saw a brand new Cadillac CTS coupe in a shady meat market parking lot. That's surely believable.
Posted by NoSaint
Member since Jun 2011
11251 posts
Posted on 7/13/15 at 4:27 pm to
keep mine at zero, the girlfriend normally carries a couple thousand. nothing like that though.
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