Raynor de Best
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Get in touch with us nowCredit card debt in the U.S., per quarter 2010-2020
In the first quarter of the coronavirus pandemic, U.S. credit card debit decreased by over 70 billion when compared to Q1 2020. The credit card debt in Q2 2020 amounted to approximately 820 billion, a year-on-year decrease of approximately 5.7 percent.
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 890 billion U.S. dollars in the first quarter of 2020.
There are various ways of handling credit debt payment. According to a T. Rowe Price survey carried out among parents in March 2019, 27 percent of the respondents admitted that they paid off all of their credit card balances each month, while 29 percent of the respondents regularly carried a credit card balance from month to month.
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 – 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 890 billion U.S. dollars in the first quarter of 2020.
There are various ways of handling credit debt payment. According to a T. Rowe Price survey carried out among parents in March 2019, 27 percent of the respondents admitted that they paid off all of their credit card balances each month, while 29 percent of the respondents regularly carried a credit card balance from month to month.
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.
