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May
22, 2006
Poll
Says Average Credit Card Debt Tops $3,000 Per Cardholder and
Almost $6,000 for Balance Carriers
A new Gallup poll on personal finances is reporting that the
average credit card debt for holders of credit cards is $3,426.
However, this number includes consumers who say all of their
balances will be paid off when their next statements arrive
(42 percent said they always pay off their balances). For credit
card holders who revolve their balances, the average credit
card debt equalled $5,960.
Eighty
percent of those surveyed had at least one credit card. The
average respondent had 2.9 credit cards. However, this includes
the 20 percent that had no credit cards at all, so it is safe
to assume that the average credit card holder has more than
three credit cards.
Americans
with higher incomes were more likely to carry a large number
of credit cards as well as have a larger balance than low-income
Americans, but they were also more likely to report paying off
their balances in full each month.
Gallup
conducted telephone interviews with 1,005 national adults, aged
18 and older, between April 10th and April 13th.
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