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?

  1. Less than $1,000
  2. $1,000 - $5,000
  3. $5,000 - $10,000
  4. More than $10,000

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