How much credit card debt do you have as a couple with one child?

Question

Just wondering what the average is. My husband tells me everyone has debt, and I can understand my house and my car, but what is your credit card debt?

Answer 1

I have 3 children, a long term boyfriend and we have zero debt. Owe nobody (other than rent, phone, car insurance.. the normal stuff) nothing!

Answer 2

We have no credit card debt. Credit cards are great if you use them judiciously. They can also be your financial downfall. However, according to a statistic I saw in Kiplinger's magazine, 15% of credit card holders have balances greater than $10,000. (I expect it is higher now considering the floundering economy) . So DUH!, most credit card holders have a lesser balance or no balance at all.

Some other credit card stats:

As of January 1, 2006, the average credit card debt per household in the U.S. was $9,159.

Sixteen years earlier on January 1, 1990, the average credit card debt per household in the U.S. was $2,966.

The average American has 9 credit cards. (This includes gas and store credit cards )

Answer 3

I am married with a 4 year old and we have zero credit card debt.

Answer 4

We have a 1 year old and NO credit card debt.  If we can't afford it, we don't buy it.

We pay off our card every month - before we fall into the trap & try to use cash as much as possible.

Answer 5

I have none I do not own one single credit card if i can't afford it at the time i figure i don't need it.

p.s. married with two kids

This is not to sound like this is the best way, this is simply my way due to the fact that i am cheap and when you buy something with a credit card you spend more for it in the long run due to interest and what not.

Answer 6

If you exclude house and car as debt then you will find a lot of people who don't have credit card debt.  The average household credit card debt it high only because the people with debt usually have a lot of it because it is a slipper slope.  From my experience you have zero debt or in the thousands, it is rare to find someone with 500-1000 credit card debt.