The Average Credit Card Debt by Age

Couple using a credit card on laptop
adriaticfoto / Shutterstock.com

Credit card debt is something many people use to make ends meet — even moreso when they’re being squeezed by stubbornly high inflation. While some folks manage to never carry a balance and completely avoid paying interest charges, others struggle quite a bit to keep up. The Federal Reserve maintains data on the average credit card debt and breaks it down into different age brackets.

https://www.moneytalksnews.com/slideshows/the-average-credit-card-debt-by-age-federal-reserve/

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