Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

The average consumer debt balance in the United States has peaked in 2024 at roughly ******* U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately ****** U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-02 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

The UK's average credit card debt per household grew by 151 British pounds between December 2021 and December 2022, the first increase since 2020. Standing at 2,229 British pounds at December 2022, the figure contrasts with the decline in 2020 – when the debt declined from 2,594 British pounds to 2,083 British pounds. That particular drop was likely a result of Covid-19's economic impact, and consumers trying to get rid of their credit card debt. The increase in 2022 may be caused by growing interest rates and the cost of living crisis beginning to take shape.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts (TERMCBCCALLNS) from Nov 1994 to May 2025 about consumer credit, credit cards, loans, consumer, interest rate, banks, interest, depository institutions, rate, and USA.

In the third quarter of 2022, households in the United States had, on average, 41,400 U.S. dollars of mortgage debt. That was the biggest component of their personal debt burden. The value per capita of car and student loans was much lower, but still contributed more to the level of household indebtedness than credit cards or HE revolving.

The generation X was the group of people with the highest average credit card balance in the United States in 2023. That year, the average credit card debt of the generation Z amounted to approximately 3,260 U.S. dollars. People in the silent generation had a credit card balance of roughly 3,410 U.S. dollars.

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks (DRCCLACBS) from Q1 1991 to Q1 2025 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

As of the last quarter of 2022, Alaska and Hawaii were the states in the U.S. with the highest credit card debt. While the average credit card debt in Alaska amounted to 4,430 U.S. dollars, people from Mississippi only had on average 2,450 U.S. dollars of credit card debt.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q1 2025 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

Delinquency rates for credit cards picked up in 2025 in the United States, leading to the highest rates observed since 2008. This is according to a collection of one of the United States' federal banks across all commercial banks. The high delinquency rates were joined by the highest U.S. credit card charge-off rates since the Financial Crisis of 2008. Delinquency rates, or the share of credit card loans overdue a payment for more than ** days, can sometimes lead into charge-off, or a writing off the loan, after about six to 12 months. These figures on the share of credit card balances that are overdue developed significantly between 2021 and 2025: Delinquencies were at their lowest point in 2021 but increased to one of their highest points by 2025. This is reflected in the growing credit card debt in the United States, which reached an all-time high in 2023.

Russia RU: External Debt: Average Maturity on New External Debt Commitments: Private data was reported at 0.000 Year in 2022. This records a decrease from the previous number of 24.500 Year for 2021. Russia RU: External Debt: Average Maturity on New External Debt Commitments: Private data is updated yearly, averaging 15.899 Year from Dec 1992 (Median) to 2022, with 31 observations. The data reached an all-time high of 24.500 Year in 2021 and a record low of 0.000 Year in 2022. Russia RU: External Debt: Average Maturity on New External Debt Commitments: Private data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.IDS: External Debt: Terms and Undisbursed Debt: Annual. Maturity is the number of years to original maturity date, which is the sum of grace and repayment periods. Grace period for principal is the period from the date of signature of the loan or the issue of the financial instrument to the first repayment of principal. The repayment period is the period from the first to last repayment of principal. To obtain the average, the maturity for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency.

Graph and download economic data for Charge-Off Rate on Credit Card Loans, All Commercial Banks (CORCCACBS) from Q1 1985 to Q1 2025 about charge-offs, credit cards, commercial, loans, banks, depository institutions, rate, and USA.

Households Debt in Canada decreased to 99.58 percent of GDP in the first quarter of 2025 from 100.39 percent of GDP in the fourth quarter of 2024. This dataset provides - Canada Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average consumer debt balance in the United States has peaked in 2023 at roughly 104,200 U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately 85,500 U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.

External Debt: Average Interest on New External Debt Commitments: Private data was reported at 4.793 % in 2022. This records an increase from the previous number of 0.000 % for 2021. External Debt: Average Interest on New External Debt Commitments: Private data is updated yearly, averaging 3.599 % from Dec 2015 (Median) to 2022, with 8 observations. The data reached an all-time high of 8.465 % in 2016 and a record low of 0.000 % in 2021. External Debt: Average Interest on New External Debt Commitments: Private data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Suriname – Table SR.World Bank.IDS: External Debt: Terms and Undisbursed Debt: Annual. Interest represents the average interest rate on all new public and publicly guaranteed loans contracted during the year. To obtain the average, the interest rates for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency.

Iraq External Debt: Average Grace Period on New External Debt Commitments: Official data was reported at 0.000 Year in 2022. This records a decrease from the previous number of 9.189 Year for 2021. Iraq External Debt: Average Grace Period on New External Debt Commitments: Official data is updated yearly, averaging 4.386 Year from Dec 2015 (Median) to 2022, with 8 observations. The data reached an all-time high of 9.189 Year in 2021 and a record low of 0.000 Year in 2022. Iraq External Debt: Average Grace Period on New External Debt Commitments: Official data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iraq – Table IQ.World Bank.IDS: External Debt: Terms and Undisbursed Debt: Annual. Grace period is the period from the date of signature of the loan or the issue of the financial instrument to the first repayment of principal. To obtain the average, the grace periods for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies.

Daily, weekly and monthly data showing seasonally adjusted and non-seasonally adjusted UK spending using debit and credit cards. These are official statistics in development. Source: CHAPS, Bank of England.

The debt collection service provider and credit agency sector had to contend with a drop in sales during the pandemic. However, the development in the individual industry segments varied. While credit agencies recorded a sharp increase in orders in 2020 and 2021, debt collection companies suffered a decline in sales due to liquidity bottlenecks among many debtors. In 2025, turnover is expected to grow by 2.9% compared to the previous year, resulting in an expected turnover of 5.5 billion euros. Over the last five years, the industry's turnover growth has averaged 1.4% per year.A key indicator for the development of the sector is the volume of loans granted to non-banks. Increasing borrowing not only increases the demand for credit checks by credit agencies, but also the risk of payment defaults and therefore the need for debt collection services. Between 2020 and 2025, lending will be influenced by economic uncertainties, pandemic-related government aid and inflation-related losses in purchasing power. A further increase in lending volume is expected in 2025 as companies continue to face geopolitical risks, particularly as a result of US customs policy, and seek short-term liquidity solutions. At the same time, the sector should benefit from a recovery in private consumption. Rising household spending, favoured by higher real wages and a more stable economic situation, is increasing the number of transactions and thus the risk of payment defaults. As not all consumers fulfil their financial obligations on time, the demand for debt collection services is increasing. The industry can therefore expect stable to rising demand in an environment of rising borrowing and increasing consumer confidence.The industry's turnover is expected to grow over the next five years due to several factors. Increasing lending due to inflation and the rising cost of living increases the risk of payment defaults, from which debt collection service providers benefit. At the same time, economic uncertainties and economic fluctuations lead to more insolvencies, which increases the demand for receivables management. Digitalisation is also increasing efficiency through AI-supported processes, while credit checks are becoming more important due to the boom in online loans and "buy now, pay later" models. On average, sales are expected to grow by 2.6% per year to 6.2 billion euros. However, profit margins are likely to decline slightly due to intense competition and the entry of new market players, but remain at a high level on average.

Statistics on student debt, including the average debt at graduation, the percentage of graduates who owed large debt at graduation and the percentage of graduates with debt who had paid it off at the time of the interview, are presented by the province of study and the level of study. Estimates are available at five-year intervals.