• The money Americans owe on our credit cards is staggering (so mind-boggling that Mark the accountant can’t stand up straight as he walks) at over $800 billion. Credits card debt is the third largest type of consumer debt, after car loans and student loans.
• Think about it. There are 312 million people in the U.S. right now, that works out to be about $2,500 in credit card debt for each and every man, woman, and child in America.
• ‘Course, not everybody has a balance on their card, so just look at the households (a group of people living in the same house sharing money, food, blood, etc.) that have a balance on their cards. Each of these households owes an average $14,500.
| According to NerdWallet | March 2012 |
| Total revolving debt | $803.6 billion |
| Number of U.S. households | 118,666,137 |
| Average credit card debt per household | $6,772 |
| % of households with a credit card balance | 46.70% |
| Average credit card debt per indebted household | $14,517 |