Household Debt and Credit Cards in the US

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Household Debt and Credit Cards in the US

Credit card outstandings tied to American Express, Discover, Mastercard and Visa brand commercial and consumer card products along with all private label (store, gasoline, medical, etc.) card products reached $1.071 trillion at year-end 2021. This credit card debt figure was compiled by the Nilson Report from its surveys of financial institutions and private label lenders. The number of households in the United States at year-end 2021 totaled 129.9 million, an increase of 1.2% from 2020. This is a calculation of the US Census Bureau. Total US household debt was $17.943 trillion at year-e...

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Nilson Report

1227

September 2022

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Household Debt and Credit Cards in the US

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