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Credit Card Debt per Household Reaches Another High

Credit card debt of $1.124 trillion at year-end 2018 was the total of outstanding receivables tied to Visa, Mastercard, American Express, and Discover commercial and consumer card products combined with all private label (store, gasoline, medical, etc.) card products. Credit card debt shown in this article was compiled by The Nilson Report from its surveys of financial institutions and private label lenders. The number of U.S. households, a statistic provided by the United States Census Bureau, was 127.6 million for 2018. Credit card debt per U.S. household was $8,811 at the end of 2018, an...

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May 2019
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