The average credit card debt of Americans has risen over the past decade. The increase in credit card debt is not just the result of careless spending, as many people in the U.S. struggle to make ends meet. People also use their credit cards to pay for unexpected medical expenses. Although there is a correlation between age and the amount of credit card debt, the results are not conclusive. States with the lowest average credit card balances are Iowa, Wisconsin, and Montana.

While the average credit card debt of Americans has increased, it is still much lower than in previous years. The average credit card debt per person in the United States is $6,194 in 2019. This number is higher for the middle class and those who make less than the national average. Several factors play a role in the difference in credit card debt, but it is still important to understand where your balance stands. The average balance of an individual consumer is lower in states that have more people than those in lower-income groups.

In terms of income, the average credit card debt of households in the highest-income percentile is $12,600. In contrast, the average credit card debt of households in lower-income percentiles is only $6,940. The report notes that the higher household income correlated with higher credit card debt. It is also important to note that the median credit card balance is highest among borrowers aged 45 to 54. Therefore, a higher income level corresponds with higher credit card debt levels.

While the average credit card debt of adults has increased, the average debt of whites has not. In fact, the highest-income households have the highest and lowest levels of credit card debt, whereas low-income households have the lowest average. The average credit card debt among college graduates is higher than for non-college graduates. The average credit card debt of Americans is $6,271 per household, which is nearly double that of non-college graduates.

According to Experian data, the average individual credit card debt of Americans is at its highest in the first five years of the past decade. The lower-income Americans carry the highest balances, while consumers in the higher-income brackets have the lowest. In addition, the average credit card debt of college students is lower than that of other age groups. The average credit card debt of college students is $1,183, while the average household balance of individuals in the top income bracket is $2,598.

The average credit card debt of Americans increased from $8793 in 2011 to $998.4 billion2 in July of this year. However, the average credit card balance of Americans decreased from $872 in 2011 to $766 in 2020. In the next few years, the average credit card debt of American adults will be at its lowest level in nearly five years. The silent generation, which includes those aged 75 and older, will have the lowest-average credit card debt in the next few years.

The average credit card debt of Americans is rising. This is the result of people using their credit cards to purchase things they otherwise wouldn’t be able to afford. Fortunately, the average credit card balance of American adults is on the decline. And the average revolving debt of a person is $5,525 in the third quarter of 2019 and $6,270 in the fourth quarter of 2020. The percentage of people with a high credit card balance is higher in cities with a high median rent.

The average credit card debt of an adult varies by age, generation, and credit score range. The highest is $6,146 in Arizona and the lowest is $7,329 in the U.S. The average has a high-income level, but it also varies by the country. If a person is unable to afford the monthly minimum, the cost of living in that city will be higher. Depending on the age of the person, the costs of living in a city can affect the amount of debt a person has.

The average credit card debt of an American is different for every region. For instance, in Washington, D.C., the average credit card debt of an adult is $8,684 in the U.S., while a child from North Dakota has a balance of $4,865. In other words, the average credit card debt of an adult in the North Dakota has decreased by 8% while in the Washington, D.C., the rate is at 20%.