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The average US household credit card debt stands at $15,863. counting only those households carrying debt. 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.
Current as of July 2015
U.S. household consumer debt profile:
- Average credit card debt: $15,863
- Average mortgage debt: $156,584
- Average student loan debt: $33,090
In total, American consumers owe:
- $11.86 trillion in debt
- An increase of 1.9% from last year
- $901. billion in credit card debt
- $8.17 trillion in mortgages
- $1.21 trillion in student loans
- An increase of 8.5% from last year
Deep dive: credit card debt
Credit card debt is the third largest source of household indebtedness. Only the mortgage and student loan debt markets are larger. Here are the latest credit card debt statistics from the Federal Reserve: