View Full Version : Average amount of credit card debt?

04-17-2008, 04:57 PM
Do you find this amount of average credit card debt per family to be low or high?

I actually thought the figure would be higher!

Congress tackles credit card reform (http://money.cnn.com/2008/04/17/news/economy/credit_cards_hearing/index.htm?cnn=yes) - Based on the most recent data from the Federal Reserve, the average American family carries an average of $2,200 in credit card debt.

04-17-2008, 05:02 PM
Hmm .. interesting..

Where do you find all your information ?

04-17-2008, 05:27 PM
That seems reasonable I think. I know a lot of people make a point of not racking up debt on their cards. I would thing most peoples' debt would be tied up with mortgages and financing on vehicles and other large purchases.