Credit card balances carried from month to month continue to inch up, reaching $420.22 billion in late 2018, according to NerdWallet’s annual analysis of U.S. household debt. That’s an increase of about 5% over last year. And for Americans carrying that debt, the impact is significant. The average U.S. household with credit card debt has an estimated $6,9291 in revolving balances, or balances carried from one month to the next, the analysis found.
Mortgage Debt Averages $184K Per Household According to Study
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- Written by: Claire Tsosie and Erin El Issa of NerdWallet
- Category: Breaking News - Daily