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.

Debt Balance Credit Cards in the United States increased to 1.21 Trillion USD in the second quarter of 2025 from 1.18 Trillion USD in the first quarter of 2025. This dataset includes a chart with historical data for the United States Debt Balance Credit Cards.

Households Debt in the United States decreased to 68.30 percent of GDP in the first quarter of 2025 from 69.40 percent of GDP in the fourth quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United States Household Debt

• United States Household Debt reached 18,036.0 USD bn in Dec 2024, compared with the reported number of 17,943.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024
• The data reached an all-time high of 18,036.0 USD bn in Dec 2024 and a record low of 4,540.0 USD bn in Mar 1999

• In the latest reports, United States Household Debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in United States increased 21,533.8 USD bn YoY in Dec 2024
• United States Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
• United States Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY

Consumer Credit in Canada increased to 794832 CAD Million in July from 794478 CAD Million in June of 2025. This dataset provides - Canada Consumer Credit - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

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.

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.

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.

Debt service ratios, interest and obligated principal payments on debt, and related statistics for households, Canada.

Quarterly financial flows and stocks of household credit market debt, consumer credit, non-mortgage loans, and mortgage loans, on a seasonally adjusted basis.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_5c8e5801c2a64e2e6b16608296ef3e02/view

Review of Economics and Statistics: Forthcoming.. Visit https://dataone.org/datasets/sha256%3A5b772e98338aa1037ce48ea8fe598b34e13d528a6c923067cb8fcb4c85fa8282 for complete metadata about this dataset.

Taiwan Credit Card: CCC: AE: Bad Debts Written Off data was reported at 2.612 NTD mn in Oct 2018. This records an increase from the previous number of 2.463 NTD mn for Sep 2018. Taiwan Credit Card: CCC: AE: Bad Debts Written Off data is updated monthly, averaging 4.465 NTD mn from Jun 2004 (Median) to Oct 2018, with 173 observations. The data reached an all-time high of 633.440 NTD mn in Apr 2006 and a record low of 0.659 NTD mn in Mar 2015. Taiwan Credit Card: CCC: AE: Bad Debts Written Off data remains active status in CEIC and is reported by Banking Bureau, Financial Supervisory Commission. The data is categorized under Global Database’s Taiwan – Table TW.KA027: Credit Card Statistics.

Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on October of 2025.

Taiwan Credit Card: CCC: Aeon: Bad Debts Written Off data was reported at 1.205 NTD mn in May 2018. This records a decrease from the previous number of 1.690 NTD mn for Apr 2018. Taiwan Credit Card: CCC: Aeon: Bad Debts Written Off data is updated monthly, averaging 1.328 NTD mn from Jun 2004 (Median) to May 2018, with 167 observations. The data reached an all-time high of 70.441 NTD mn in Sep 2013 and a record low of 0.000 NTD mn in Jan 2007. Taiwan Credit Card: CCC: Aeon: Bad Debts Written Off data remains active status in CEIC and is reported by Banking Bureau, Financial Supervisory Commission. The data is categorized under Global Database’s Taiwan – Table TW.KA027: Credit Card Statistics.

Amount of debt financing (mortgage, line of credit, term loan, credit card) requested and authorized for small and medium enterprises in 2020 by region, CMA level, North American Industry Classification System (NAICS), demographics, age of business, employment size, rate of growth, etc.

Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Aug 2025 about savings, personal, rate, and USA.

Households Debt in Canada increased to 171.90 percent of gross income in 2025 from 171.10 percent in 2025. This dataset provides - Canada Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

External Debt: IMF's 2013: USD: Other Sectors: Non Financial Corporations: NPISHs: Long Term: Trade Credit and Advances data was reported at 0.000 USD mn in Sep 2024. This stayed constant from the previous number of 0.000 USD mn for Jun 2024. External Debt: IMF's 2013: USD: Other Sectors: Non Financial Corporations: NPISHs: Long Term: Trade Credit and Advances data is updated quarterly, averaging 0.000 USD mn from Jun 2018 (Median) to Sep 2024, with 26 observations. The data reached an all-time high of 0.000 USD mn in Sep 2024 and a record low of 0.000 USD mn in Sep 2024. External Debt: IMF's 2013: USD: Other Sectors: Non Financial Corporations: NPISHs: Long Term: Trade Credit and Advances data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FK007: External Debt: IMF's 2013 External Debt Statistics Guide: USD.