Credit Card Debt on the Rise
- Debra Dunn
- Mar 30, 2021
- 1 min read
The average U.S. household carries $15,654 in credit card debt, up 8 percent from 2016, according to a report from NerdWallet.
The average U.S. household owes a total of $131,431, including mortgages, according to the 2017 U.S. Household Credit Card Debt Study from NerdWallet. The average household carries $15,654 specifically in credit card debt, up 8 percent from 2016.
Spending on unnecessary purchases is the biggest contributor to credit card debt for 41 percent of people, followed by non-medical emergency services for 33 percent of Americans, according to the study.
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