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Report: Americans are still paying off credit debt from last Christmas
Average household credit card debt is $11,019 with interest rates around 22–23%, driven by inflation and stagnant wages, WalletHub reports.
- In the United States, WalletHub found that national credit-card debt stood at $1.33 trillion with an average household balance of $11,019 through the end of the third quarter 2025.
- Amid rising living costs, record inflation and stagnant wages have forced American households to rely on credit cards for essentials, increasing persistent balances this year.
- Everyday spending patterns show consumers charged everyday expenses like gas, groceries and utilities to cards and carried balances that accrue credit-card interest rates of about 22 or 23% by next month.
- Despite lower holiday spending this year than last year, WalletHub surveys warn the household debt burden may increase before this year ends.
- For those considering consolidation, WalletHub recommends debt consolidation and balance-transfer cards but notes borrowers with less-than-good credit often cannot secure lower rates.
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39 Articles
According to one expert, Christmas debt led many to use their credit cards more, although others choose to spend less or look for cheaper options.
Coverage Details
Total News Sources39
Leaning Left6Leaning Right7Center10Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 26%
C 44%
R 30%
Factuality
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