General Consumer Debt Statistics
Credit card debt is only part of the picture when it comes to consumer debt in America. Total consumer debt in the U.S. is at $2.43 trillion as of May, 2011. Not surprisingly, this has caused serious economic fallout for many Americans.
Given the tough state of the economy Americans are now struggling to get their finances back on track. Particularly for families with credit card debt this can be a difficult journey. In many cases, you could take the next 20-30 years to pay back what you owe right now alone – and that’s if you don’t buy anything else on credit!
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