Credit card debt statistics

Total credit card debt in the United States has reached about $665 billion on bank credit cards and about $105 billion on store or gas credit cards. The total is roughly $800 billion. (January 2006, Cardweb and the Federal Reserve)

Average household or individual debt (or both) is about $9,300 per household holding at least one credit card. (Source: Cardweb)

According to the advocacy group Demos, the average balance among lower- and middle-income households is $8,650.

More statistics from Mark Brinker (updated June 2007)

In 1968, consumers’ total credit debt was $8 billion (in present dollars). Now the total exceeds $880 billion.(SOURCE: Federal Reserve Bank)

Approximately half of all credit card holders pay only their minimum monthly payments.(SOURCE: Experian-Gallup Personal Credit Index survey)

According to the Federal Reserve Bank, 40% of American families spend more than they earn.(SOURCE: www.federalreserve.gov)

23.8% of American households have no credit cards at all -- no bank cards, no retail cards, nothing. 31.2% of the households. paid off their most recent credit card bills in full.(SOURCE: Liz Pulliam Weston, www.asklizweston.com)

Only one household in 50 (2%) carry more than $20,000 in credit card debt. However, that "one in 50 households" figure represents more than 2 million American homes.(SOURCE: Liz Pulliam Weston, www.asklizweston.com)