Average Credit Card Debt in the US Soars Past $6,500

Melnikov Dmitriy / shutterstock.com
Melnikov Dmitriy / shutterstock.com

Millions of Americans are now relying on credit card debt just to survive after Joe Biden deliberately crashed the economy. A newly released survey from Scholaroo shows that the average amount of credit card debt that families are carrying has skyrocketed to $6,555 per household. Scholaroo surveyed more than 2,000 households across the country during the fourth fiscal quarter of 2023.

New Jersey leads the nation with a household average of $8,155 in credit card debt. Connecticut’s average was a close second at $8,011. Alaska, Maryland, and New York each averaged more than $7,600 per household. Colorado, California, Massachusetts, Florida, and Hawaii all topped $7,400. Mississippi had the lowest statewide average, at $5,186 per household.

Thanks to the economy-destroying policies of the Biden regime, millions of Americans are now forced to rely on credit card debt just to stay afloat. The National Foundation for Credit Counseling says that Americans are paying for necessities like groceries and gas with their credit cards and then only making the minimum monthly payments.

The numbers from Scholaroo are consistent with recent figures released by Harris. The pollster found that 32% of Americans are barely surviving financially. A majority of 62% are afraid that Joe Biden’s blazing incompetence will hurt their finances even more over the next 12 months.

Another 40% are concerned that their savings won’t last through the end of Joe Biden’s first (and hopefully only) term in office. Those with annual incomes of less than $50,000 a year are finding it the hardest to survive since Biden was installed in the White House. Renters, single people, and families with kids under 18 are also being hammered.

It felt like America was a rich country just a few years ago. What do you think changed?