The average credit card debt is on the rise and the U.S. average household owes a crippling amount. According to Transunion, the average credit card debt per U.S. adult is $5,525 in 2021. And for US households, the average credit card debt balance is $7,938 per Wallethub.
Another interesting stat on the average credit card debt is that over 7 million Americans have access to a credit card. In addition, the total US credit card debt outstanding is a whopping $934.8B, nearly 1 trillion dollars!