Quick Answer
Aggregate U.S. credit card debt has trended above $1 trillion in recent reports, with average balances per cardholder varying widely by income and age cohort.
Key Takeaways
- Aggregate revolving debt exceeds $1T.
- Average per-cardholder balance varies widely.
- APRs have risen with prevailing rates.
Average vs. Median
Averages overstate the typical experience - median balances are much lower than averages because a small share of borrowers carry very large balances.
Frequently Asked Questions
Does carrying a small balance help credit?
No - educational sources consistently note that carrying a balance to 'help credit' is a myth. Paying in full preserves both credit health and avoids interest.