2023 Credit Card Debt Statistics (Average U.S. Debt)
Let's talk about credit card debt statistics. March of 2018 saw the sixth rise of the federal funds rate — and, thus, the U.S. Prime Rate — since 2015, a marker of the continued growth of the U.S. economy since its lows in the late 2000s. But while economists may hail the increase as a positive sign, average consumers may not feel so positive about an increase in their interest rates — particularly not the 50% of consumers with credit card debt that just got more expensive. And... read more »