U.S. Credit Card Debt Reaches Record $1.33 Trillion in August

Average household credit card balance stands at $10,668, with certain states carrying the highest debt levels in Q2 2025.

Summary

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Terms & Concepts
  • Household Credit Card Debt: The total outstanding credit card balances owed by households, reflecting consumer borrowing and financial health.
  • Average Balance: The mean amount of credit card debt held per household, calculated by dividing total debt by the number of households.
  • Q2 2025: The second quarter of 2025, covering April through June, used as a reference period for financial statistics.