2015 American Household Credit Card Debt Study

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Debt is an unwelcome guest at the table in many American households. The average U.S. household with debt carries $15,762 in credit card debt and $130,922 in total debt.

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It’s easy to say we should simply pay off our balances and free ourselves of the burdens — financial and emotional — that come with financing many aspects of our lives. But it’s not that simple.

When NerdWallet dug into the “why” and the psychology behind debt, as well as its cost, it became clear that increasing debt loads aren’t just a result of irresponsible spending. There are many factors at play in the increasing amount of debt being carried in homes across the country.

But there is hope. Americans can rid themselves of heavy debt and its financial toll.

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Read More, and see more charts about American Debt.

And if you feel like sharing what % of your annual salary is your debt load currently? Example: Someone who earns $60,000 with $6,000 in total debt would have a debt load of 10% of their annual salary.

17 votes, 0 passes | Time left: Unlimited
	0%-10%
	11 (65%)
	11%-20%
	0 (0%)
	21%-30%
	0 (0%)
	31%-40%
	0 (0%)
	40% or More
	4 (24%)
	I am Unemployed Currently
	1 (6%)
	I am Retired
	1 (6%)
	0 DU members did not wish to select any of the options provided.
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