American Consumers Start 2013 with a Staggering Average Household Credit Card Debt of $15,422, According to nerdwallet.com Reported by Cloud Technology Systems, Inc
As a comparison the average household credit card debt has fallen from about $19,000 in 2009 to its current household average of $15,422 as illustrated by the line graph from nerwallet.com. Many see this as a good sign for consumers but the statistics do not take into account that during the same time period that due to individual bankruptcy and credit card company write offs and charge offs also reduces the average household credit card debt.
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