Friday, April 19, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

U.S. Family Finances
According to a Federal Reserve survey, 46.2% of all families now carry a credit card balance. This is up from 44.4% in 2001. Households are also carrying higher balances; the mean balance is now $5,100 ($4,400 in 2001) and the median balance is $2,200 ($2,000 in 2001). The median income is currently $43,200 and the typical family's credit card balance is now almost 5% of their annual income.
        Categories:  Credit Card,Household Debt
        Reporting Pub:  Federal Reserve
        Reporting Date:  4/1/2006
        Article Title:  Recent Changes in U.S. Family Finances: Evidence from the 2001 and 2004 Survey of Consumer Finances
        Article Author:  Federal Reserve Board
        Pub's Source:  Federal Reserve Board
        Source URL:  View details from source
 

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