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Average amount of credit card debt?

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  • Average amount of credit card debt?

    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 - Based on the most recent data from the Federal Reserve, the average American family carries an average of $2,200 in credit card debt.
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  • #2
    Hmm .. interesting..

    Where do you find all your information ?

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    • #3
      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.

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