Average Credit Card Debt – May 2018

This month we calculate the average credit card debt per credit card holder in the United States to be $5427.18. The average credit card debt per household is $8277.23.

How did we arrive at these numbers?

Using data from the Federal Reserve, the U.S. Census, and various other sources, we note that revolving credit card debt dropped slightly in March, but was still over $1 trillion ($1.027 trillion to be exact). About 77% of the country’s 327+ million people are 18 or over, and about 75% of those people are credit card holders. The average household has 2.64 people.

More specifically:

Current U.S. revolving debt $1,027,000,000,000

Current U.S. population: 327,675,897

Current 18+ population: 252,310,441

Current 18+ population with credit cards: 189,232,831

Current number of U.S households: 124,119,658

Current average cardholder debt: $1,027,000,000,000/189,232,831 = $5427.18

Current average household debt: $1,027,000,000,000/124,119,658 = $8277.23

Questions about these statistics? E-mail CEO Adam Jusko adam@creditcardcatalog.com

Historical average debt statistics

  • April 2018: $5449.73 per cardholder, $8308.66 per household
  • March 2018: $5447.33 per cardholder, $8305.01 per household
  • February 2018: $5439.99 per cardholder, 8293.81 per household
  • January 2018: $5415.42 per cardholder, $8256.34 per household
  • December 2017: $5365.89 per cardholder, $8180.84 per household
  • November 2017: $5338.48 per cardholder, $8137.53 per household
  • October 2017: $5309.06 per cardholder, $8094.19 per household
  • September 2017: $5284.54 per cardholder, $8056.81 per household
  • August 2017: $5432.89 per cardholder, $8282.99 per household
  • July 2017: $5419.59 per cardholder, $8262.71 per household
  • June 2017: $5380.53 per cardholder, $8203.15 per household
  • May 2017: $5326.83 per cardholder, $8121.28 per household
  • April 2017: $5332.72 per cardholder, $8130.26 per household
  • March 2017: $5307.43 per cardholder, $8091.71 per household
  • February 2017: $5310.33 per cardholder, $8096.13 per household