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Average amount of credit card debt?


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Old 04-17-2008, 04:57 PM
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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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Old 04-17-2008, 05:02 PM
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Hmm .. interesting..

Where do you find all your information ?
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Old 04-17-2008, 05:27 PM
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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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