In USA Credit Card Debt Tops $3,500 Per Adult, $7,200 Per Household
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- In USA Credit Card Debt Tops $3,500 Per Adult, $7,200 Per Household
Recent reports based on data released by the federal US government indicates that the average American adult is running $3,560 in revolving debt. Extrapolating the figures, the average American household has $7,271 in revolving debt. Revolving debt includes debt accrued from credit cards and loans that have yet to be paid back.
These figures are based on a report issued by the Federal Reserve Board, which outlines that US consumer debt is now at $799.1 billion.