Credit Card Debt Statistics 2026: What You Need to Know

American households are carrying more credit card debt than ever before. In 2026, total credit card debt has surpassed $1.1 trillion, with the average household owing over $8,000 in credit card balances.

Key Statistics for 2026

• Total U.S. credit card debt: $1.14 trillion
• Average household debt: $8,200
• Average interest rate: 24.37%
• Delinquency rate: 2.77%

Who Carries the Most Debt?

Credit card debt isn't distributed evenly across demographics. Here's how debt breaks down by age group:

• Gen Z (18-25): $3,100 average
• Millennials (26-41): $6,800 average
• Gen X (42-57): $9,200 average
• Baby Boomers (58-76): $7,500 average

States with the Highest Debt

Geography plays a significant role in credit card debt levels:

1. Alaska: $9,500 average
2. Connecticut: $9,200 average
3. New Jersey: $8,900 average
4. Maryland: $8,700 average
5. Virginia: $8,500 average

What This Means for You

If you're carrying credit card debt, you're not alone. But with interest rates at historic highs, now is the time to consider your options:

• Debt consolidation loans can lower your rate to 8-15%
• Balance transfer cards offer 0% APR for 12-21 months
• Debt settlement can reduce what you owe by 30-50%