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U.S. ↔ credit card debt

Relations (1)

cross_type 2.81 — strongly supporting 10 facts

The relationship is established by multiple reports and measurements documenting the scale and economic drivers of credit card debt specifically within the United States, as evidenced by [1], [2], [3], [4], [5], and [6].

Facts (10)

Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association 5 facts
measurementIn 2021, total credit card debt in the United States was $790 billion, with an average debt of approximately $6,000 per person.
measurementIn 2021, total credit card debt in the United States was $790 billion, with an average debt of approximately $6,000 per person.
measurementIn 2021, total credit card debt in the United States was $790 billion, with an average debt of approximately $6,000 per person.
referenceThe research paper 'Borrowing to make ends meet: the rapid growth of credit card debt in America' by J.A. Garcia, published by Demos, documents the increase in credit card debt.
measurementIn 2021, total credit card debt in the United States was $790 billion, with an average debt of approximately $6,000 per person.
Debt Consolidation vs Debt Management: Which is Best? incharge.org InCharge Debt Solutions 2 facts
measurementAccording to the Federal Reserve Bank of New York, nationwide credit card debt in the United States stood at $890 billion at the end of the first quarter of 2020.
claimTotal U.S. credit card debt dropped below $1 trillion for the first time since May 2011 during the first half of 2020, due to the COVID-19 pandemic.
What is Personal Finance? A Guide to Managing Your Money westernsouthern.com Western & Southern Financial Group 1 fact
measurementAverage credit card debt in the United States increased by 10% to $6,501 in 2023.
Data Analysis on Credit Card Debt: Rate of Consumption and Impact ... arxiv.org arXiv 1 fact
claimCredit card debt in the United States is driven by economic factors, consumerism, high healthcare costs, and financial illiteracy.
Debt Stress: How Debt Affects Mental Health - Debt.org debt.org Debt.org 1 fact
measurementTotal credit card debt in the United States reached $1.14 trillion, which is the highest level ever recorded, according to the Federal Reserve Bank of New York.