Credit card debt – additional information
U.S. credit card debt has not changed dramatically since 2013. The credit card debt among American households in 2013 was 660 billion U.S. dollars. This figure increased gradually to 810 billion U.S. dollars in the first quarter of 2018.
There are various ways of handling credit debt payment. According to a T. Rowe Price survey carried out among parents in January 2015, 36 percent of the respondents admitted that they paid off all of their credit card balances each month, while 22 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.