Credit card debt in the U.S. 2014-2019

The statistic presents the credit card debt in the United States from first quarter of 2014 to second quarter of 2019. The credit card debt in the United States amounted to approximately 0.87 trillion U.S. dollars in the second quarter of 2019.

Credit card debt – additional information

U.S. credit card debt has not changed dramatically since 2014. The credit card debt among American households in 2014 was 660 billion U.S. dollars. This figure increased gradually to 850 billion U.S. dollars in the first quarter of 2019.

There are various ways of handling credit debt payment. According to a T. Rowe Price survey carried out among parents in January 2018, 27 percent of the respondents admitted that they paid off all of their credit card balances each month, while 20 percent of the respondents carried a small credit card balance over to one or two months.

In another survey carried out by Harris Interactive in March 2014, it was found that five percent of the respondents carried from 5,000 to 9,999 U.S. dollars of credit card debt from month to month.

The highest percentage of households holding credit card balances in the United States was observed among those families where the family head was between 45 and 54 years old.

Credit card debt in the United States from 1st quarter 2014 to 2nd quarter 2019

Credit card debt in trillionU.S. dollars
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Sources

Release date

September 2019

Region

United States

Survey time period

Q1 2014 to Q2 2019

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Statistics on "Credit cards in the United States"

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