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Debt Statistics
May 2004 - eNewsletter

General

64% - Percentage of 18-24 year olds who don’t know the interest rate they pay on their credit cards. Myvesta

Credit Card

$8,000 – Average credit card balance of U.S. credit card holders.  CardWeb.com

8 – Number of cards carried by the average American credit card user.  CardWeb.com

217% - Percentage increase in credit card debt amount 65-69 year olds from 1992 to 2001.  Marketplace Statistics

$5,844 – Average credit card balance amount 65-69 year olds.  Marketplace Statistics.

Auto

11% - Percentage of monthly gross income the average consumer spends on car payments.  Edmunds.com

$525 – Average monthly automobile payment.  Power Information Network, LLC.

60 – Most popular finance term in months.  Power Information Network, LLC.

Student

$19,000 – Average student loans for someone graduating from a four year college.  Nellie Mae

83% - Number of students with credit cards.  Nellie Mae

$3,300 – Average balance of a graduating senior. Nellie Mae

 

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