The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study.
The personal-finance website WalletHub on Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.
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I've been in deep credit card debt before and it's a pure bitch getting out. I swore the last time that I wasn't going to let it happen again and I've been successful at it - so far.
I've got one credit card for emergencies and I use it once every couple months to buy something just to make sure it doesn't get cancelled for non-use, then I pay it off in full as soon as it comes due. I haven't carried a balance over into the next month for a few years now.
