Credit Card Debt Levels 1989 to 2013

Here's a bright side in the Survey of Consumer Finances from 2013:   Credit card debt levels are down and fewer families hold credit card debt.

 Here's a chart showing the percent of households that have credit card debt and the mean debt for families with credit card debt:

(click image for full size)

I got the figures from Table 13 out of the SCF historic tables.

Here's a table of the figures I pulled from the SCF :

	% with debt	mean debt
1989	39.70%	$   1,800
1992	43.70%	$   2,300
1995	47.30%	$   3,000
1998	44.10%	$   4,100
2001	44.40%	$   4,100
2004	46.20%	$   5,100
2007	46.10%	$   7,300
2010	39.40%	$   7,100
2013	38.10%	$   5,700

So in the 3 hears from 2010 to 2013 the average debt dropped $1400 and 1.3% fewer families  have any credit card debts.   Good job America.


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