What’s the average amount of credit card debt Americans carry?

( NewsNation ) — The average amount of credit card debt Americans are carrying is continuing to rise.

The average credit card debt has reached $8,674 so far in 2024, according to Federal Reserve Bank of New York and U.S. Census Bureau data analyzed by USA Today . The statistics, collected from 2024 and 2023 data sets, are a significant increase from prepandemic numbers.

At the close of 2019, the average household had a credit card debt of $7,499. During the first quarter of 2021, it dropped to $6,209.

In 2022, credit card debt rose again to $7,951 and has increased linearly. In 2023, it reached $8,599 — $75 shy of the 2024 average.

Among age demographics, Generation X has the highest average debt with $9,255, according to data from credit reporting agency Experian that was analyzed by USA Today .

Baby Boomers ($6,648), millennials ($6,642), the Silent Generation ($3,375), and Generation Z ($3,266) followed.

Men and women had similar average levels of credit card debt, with men having an average of $125 more, $6,357 to $6,232.

States with the highest average credit card debt were Alaska ($7,863), the District of Columbia ($7,548), New Jersey ($7,401), Connecticut ($7,381) and Maryland ($7,282), according to data in a 2023 Experian report .

Iowa had the lowest ($5,227), followed by Wisconsin ($5,242), Kentucky ($5,304), West Virginia ($5,348) and Mississippi ($5,415).

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