The Average Credit Card Debt by Age

This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.

 Not surprisingly, mid-career workers are most likely to carry the most credit card debt. adriaticfoto / Shutterstock.com

Credit card debt is something many people use to make ends meet — even moreso when they’re being squeezed by stubbornly high inflation. While some folks manage to never carry a balance and completely avoid paying interest charges, others struggle quite a bit to keep up. The Federal Reserve maintains data on the average credit card debt and breaks it down into different age brackets.

 Read More