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If you make minimum payments toward the average balance at the average credit card rate, you’ll be in debt for 18 years and will owe more than $9,000 in interest,” Bankrate Senior Industry ...
Average Credit Card Debt up for Gen Z, Millennials and Gen X. Despite a brief spending decline during the pandemic, Generation X's average credit card balance has grown by close to 50% since 2012 ...
Generation X holds the highest average credit card debt with an average of $9,123. Millennials’ credit card debt is increasing the most, at a rate of 15.4 percent in 2023.
Here’s a look at the states with the highest and lowest average American credit card debt, according to the most recent data from Experian. Alaska had the highest credit card debt at $7,338, and ...
Credit card debt is said [clarification needed] to be higher in industrialized countries. [10] The average U.S. college graduate begins his or her post-college days with more than $2,000 in credit card debt. [11] The median credit card debt in the U.S. is $3,000 and number of cards held is two. [12]
How to pay off credit card debt “If you have the average credit card balance and you only make minimum payments at the average rate, as of April 2024, you’ll be in debt for more than 18 years ...
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