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New Survey: Almost Half of Consumers Have a Household Credit Debt over $10,000


Forty-nine percent of consumers have a household credit card debt over $10,000.  Credit Card Debt Survey Results

(Boston, MA) – March 16, 2017 – Almost fifty percent of consumers (49 percent) have household credit card debt over $10,000, according to a recent survey by national nonprofit American Consumer Credit Counseling. Of those respondents, 35 percent have a household credit card debt over $15,000.

“The average household credit card debt has continued to increase in recent years,” said Steve Trumble, President and CEO of American Consumer Credit Counseling, which is based in Newton, MA. “Although credit cards have one of the highest interest rates, consumers continue to rely on them when it comes to borrowing money or paying for emergencies. Given the fees and rates that accompany most credit cards, it’s important that consumers understand the financial costs of relying on them too heavily.”

According to the survey, more than 80 percent of consumers have at least one credit card. The number one purchase consumers use their credit cards for most is impulse buys (30 percent) followed by emergency expenses (18 percent), groceries (15 percent), gas (10 percent) and utility bills (6 percent).

Thirty-five percent of respondents carry 5 or more credit cards with them. Of these respondents, 32 percent have a monthly income between $1,000 and $2,499, followed by 20 percent with an income between $5,000 and $9,999. According to the survey, 39 percent of the respondents with a monthly income of $1,000 to $2,499 spend 20 to 25 percent of that income paying off credit card bills.

According to the most recent Survey of Consumer Finances by the U.S. Federal Reserve, the mean credit card debt of U.S. households is approximately $5,700.  Respondents in the highest income percentile have an average of $11,200 in credit card debt, nearly four times as much as households making the least.

The online poll of 250 consumers was conducted by American Consumer Credit Counseling on the organization’s website, You can view an infographic illustrating the poll results here:

ACCC is a 501(c)3 organization that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:

  • For credit counseling, call 800-769-3571
  • For bankruptcy counseling, call 866-826-6924
  • For housing counseling, call 866-826-7180
  • Or visit us online at

About American Consumer Credit Counseling

American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management through credit counseling, debt counseling, bankruptcy counseling, housing counseling, student loan counseling and financial education. Each month, ACCC invites consumers to participate in a poll focused on personal finance issues. The results are conveyed in the form of infographics that act as tools to educate the community on everyday consumer debt issues and problems. By learning more about financial management topics such as credit and debt management, consumers are empowered to make the best possible financial decisions to reach debt relief. As one of the nation’s leading providers of personal finance education and credit counseling services, ACCC’s certified credit advisors work with consumers to help determine the best possible debt solutions for them. ACCC holds an A+ rating with the Better Business Bureau and is a member of the National Foundation for Credit Counseling® (NFCC®). To participate in this month’s poll, visit and for more financial management resources visit

 American Consumer Credit Counseling (ACCC) provides non-profit credit counseling, financial education, debt relief consolidation and debt reduction services for consumers nationwide. We offer free credit counseling to help individuals and families learn how to pay down credit card debt and how to eliminate debt altogether. As an alternative to expensive unsecured debt consolidation programs for settling credit card debt, our debt management programs help consumers pay off debts and manage credit card debt more quickly by consolidating payments. We also offer debt negotiation services to help reduce finance charges and interest rates. And our financial education services show consumer how to manage money more effectively and how to get rid of credit card debt more quickly – usually in five years or less.

Better Business Bureau Mass Housing Approved National Industry Standards for Homeownership Education and Counseling Council on Accreditation NFCC Member