Nearly 39% of credit card holders carry debt from month to month instead of paying the balance in full.
About 49% of credit card holders have never switched from their most used cards in at least five years.
Millennials, nearly 32%, hold more credit card debt than emergency savings, more than any age bracket in the US.
Moreover, 32% of Americans prioritized paying down their debt over boosting their savings in 2022.
The average homebuyer had a credit score of 753 while the average car buyer had a credit score of 713.
In a record of sorts, Americans held a collective credit card balance of $900 billion by the end of 2022.
The average American held nearly $5,500 in credit card debt in the first quarter of 2023, 13% up from last year.
The average FICO® score for Americans in 2022 was 716. This shows a positive trend in good credit.
While those born before 1996 had the highest average score of 729, Gen Z had the lowest average of 634.