Tag Archives: average credit card debt

U.S. consumers accumulated more new credit card debt during the 4th quarter of 2015 than they did during the years of 2009, 2010 and 2011 combined. That is absolutely insanity, because other than payday loans, credit card debt is just about the worst kind of debt that consumers could possibly go into. Extremely high rates of interest, combined with severe penalties and fees, can choke the financial life out of almost any family in no time at all.

The median household income in the U.S. is $51,914, according to U.S. Census Bureau data. To find out just where that cash is going, we've trolled through the latest data in employment, transportation, and common consumer expenditures. [Here it is.]