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Til Debt Do Us Part
Quiz: QUIZ: Love And Debt
Question 3 of 10
How much credit card debt does the average U.S. household have?
- Less than $1,000
- $1,000 - $5,000
- $5,000 - $10,000
- More than $10,000
Correct!
The average American household owes over $10,000 in credit card debt. Of that amount, an average of $8,000 makes up their revolving debt, much of which is only seeing a minimum payment every month. With that in mind, it's easy to see how over 40% of American families are actually spending more money than they earn.
SOURCE: Americans are Swamped in Credit Card Debt - Consolidation May be the Answer | MyWayBusiness.com
