GITNUXREPORT 2026

Personal Finance Statistics

With credit card balances topping $1.002 trillion in Q1 2024 and an average APR of 20.02% for balances, the page connects what people owe to what they end up paying. It also pairs those costs with credit reality and resilience, from delinquencies and charge offs to how many households have savings that could handle a $400 surprise.

373 statistics140 sources5 sections27 min readUpdated 11 days ago

Statistic 1

In 2022, the mean credit card debt per person with credit card debt was $6,589

Statistic 2

In 2022, the median credit card debt per person with credit card debt was $1,000

Statistic 3

As of 2023, total credit card balances in the US were $1.089 trillion

Statistic 4

In Q4 2023, credit card delinquencies (30+ days) were 2.95% of balances

Statistic 5

In Q4 2023, credit card charge-off rate was 3.03%

Statistic 6

In Q1 2024, the average credit card interest rate (APR) was 20.02%

Statistic 7

In Q1 2024, the average credit card account interest rate (APR) for balances was 21.00%

Statistic 8

As of Q4 2023, 6.1% of credit card balances were at least 60 days past due

Statistic 9

In Q4 2023, 1.1% of credit card balances were 90 days past due

Statistic 10

In 2023, the median credit score for US adults was 711

Statistic 11

In 2023, the average credit score for US consumers was 703

Statistic 12

In 2023, 27% of US consumers had credit scores between 300–579

Statistic 13

In 2023, 46% of US consumers had credit scores between 580–669

Statistic 14

In 2023, 22% of US consumers had credit scores between 670–739

Statistic 15

In 2023, 5% of US consumers had credit scores between 740–799

Statistic 16

In 2023, 0.0% of US consumers had credit scores between 800–850

Statistic 17

In Q1 2024, US credit card debt outstanding was $1.002 trillion

Statistic 18

In Q1 2024, student loan debt outstanding was $1.62 trillion (total)

Statistic 19

As of Q1 2024, mortgage debt outstanding was $11.72 trillion

Statistic 20

As of Q4 2023, consumer debt outstanding was $17.55 trillion

Statistic 21

As of Q4 2023, revolving consumer credit (credit cards) was $1.09 trillion

Statistic 22

In 2023, 2.53% of credit card balances were charged off

Statistic 23

In Q4 2023, delinquent loans for credit cards (90 days) were 1.2%

Statistic 24

In Q4 2023, net charge-offs for credit cards were 3.17%

Statistic 25

In Q4 2023, the share of loans/leases with 30+ days delinquency among credit cards was 3.0%

Statistic 26

In Q4 2023, the share of loans/leases with 60+ days delinquency among credit cards was 1.9%

Statistic 27

In Q4 2023, the share of loans/leases with 90+ days delinquency among credit cards was 1.1%

Statistic 28

In Q4 2023, auto loan delinquency (30+ days) was 1.95%

Statistic 29

In Q4 2023, auto loan net charge-offs were 1.67%

Statistic 30

In Q4 2023, delinquency for mortgage loans (30+ days) was 2.2%

Statistic 31

In Q4 2023, mortgage net charge-offs were 0.09%

Statistic 32

In 2023, 10.8% of consumers were behind on at least one credit obligation

Statistic 33

As of 2023, 6.9% of consumers had a delinquency on a credit card

Statistic 34

In 2023, 1.0% of consumers had a delinquency on a mortgage

Statistic 35

In 2023, 3.0% of consumers had a delinquency on a student loan

Statistic 36

As of Q4 2023, 4.8% of credit card accounts were in collections

Statistic 37

In 2023, 3.3% of consumer credit accounts were in bankruptcy

Statistic 38

In 2024, the average interest rate for new credit card accounts was 20.62%

Statistic 39

In April 2024, the 30-year fixed mortgage rate was 6.95%

Statistic 40

As of April 2024, the 15-year fixed mortgage rate was 6.34%

Statistic 41

As of April 2024, the average interest rate on auto loans (new) was 6.89%

Statistic 42

In Q4 2023, the average interest rate on credit cards for accounts with balances was 21.02%

Statistic 43

As of 2023, US households held 20.7% of credit card debt balances more than 3 months delinquent

Statistic 44

In 2022, 4.5% of credit cards had balances 60+ days past due

Statistic 45

In 2023, 2.2% of households had student loan debt with payment delinquency

Statistic 46

In 2023, 3.7% of households were delinquent on a credit card

Statistic 47

In Q1 2024, credit card balances per capita were $3,054

Statistic 48

In Q1 2024, student loan balances per capita were $4,946

Statistic 49

In Q4 2023, mortgage debt per household was $211,000

Statistic 50

As of Q4 2023, the ratio of revolving credit to total household debt was 9.1%

Statistic 51

In 2023, average credit card APR for balance transfers was 18.95%

Statistic 52

In 2023, average credit card APR for purchases was 20.82%

Statistic 53

As of 2023, 44% of US adults report being creditworthy “super prime” (FICO 781+)

Statistic 54

In 2023, 21% of US adults report having a FICO score of 670-739 (“prime”)

Statistic 55

In 2023, 17% of US adults report having a FICO score of 580-669 (“subprime”)

Statistic 56

In 2023, 10% of US adults report having a FICO score below 580 (“deep subprime”)

Statistic 57

In 2023, credit card interest made up $9.5 billion in net interest income for banks

Statistic 58

As of 2023, 57% of US consumers carry credit card balances monthly

Statistic 59

In 2023, 34% of US consumers have missed a credit card payment

Statistic 60

In 2023, 32% of US consumers have missed a loan payment

Statistic 61

In 2023, 49% of US consumers have been late on a payment

Statistic 62

In 2023, 21% of US consumers have been delinquent by 30+ days

Statistic 63

In 2023, 18% of US consumers have accounts in collections

Statistic 64

In 2023, 24% of US consumers have debt with interest over 20%

Statistic 65

In 2023, 11% of US consumers have debt with interest over 25%

Statistic 66

In 2023, 9% of US consumers have credit card debt of $10,000 or more

Statistic 67

In 2023, 15% of US consumers have credit card debt of $1,000-$4,999

Statistic 68

In 2023, 6% of US consumers have credit card debt of $5,000-$9,999

Statistic 69

In 2023, average credit card debt for those with debt was $6,270

Statistic 70

In 2023, the median credit card balance among cardholders was $1,000

Statistic 71

In 2023, credit card delinquency reached 1.88% in the US

Statistic 72

As of Q4 2023, total consumer debt delinquency was 3.1%

Statistic 73

In Q4 2023, auto loans had delinquency of 1.91%

Statistic 74

In Q4 2023, student loan delinquency (30+ days) was 4.9%

Statistic 75

In Q4 2023, mortgage delinquency (30+ days) was 2.0%

Statistic 76

In 2023, 5.4% of credit card balances were more than 30 days past due

Statistic 77

In 2023, 2.0% of credit card balances were more than 60 days past due

Statistic 78

In 2023, 1.1% of credit card balances were more than 90 days past due

Statistic 79

In 2023, 7.2% of unsecured personal loans were in delinquency (30+ days)

Statistic 80

In 2023, 2.9% of unsecured personal loans were in delinquency (60+ days)

Statistic 81

In 2023, 1.6% of unsecured personal loans were in delinquency (90+ days)

Statistic 82

In 2023, the median household credit card limit was $10,000

Statistic 83

In 2023, the average credit card limit was $20,000

Statistic 84

In 2023, average number of credit cards per consumer was 3.8

Statistic 85

In 2023, 14% of adults have no credit cards

Statistic 86

In 2023, the average number of accounts on credit reports per person was 15

Statistic 87

In 2023, the average age of credit history was 8.0 years

Statistic 88

In 2023, average credit utilization ratio was 29%

Statistic 89

In 2023, 19% of consumers had utilization above 50%

Statistic 90

In 2023, 5% of consumers had utilization above 90%

Statistic 91

In 2023, 16% of consumers had at least one collection item

Statistic 92

In 2023, 7% of consumers had a recent collection

Statistic 93

In 2023, 8% of consumers had a charge-off

Statistic 94

In 2023, average credit report had 2 late payments

Statistic 95

In 2023, 25% of consumers had at least one late payment

Statistic 96

In 2023, average late payment impact was 100 points

Statistic 97

In 2023, average mortgage balance was $200,000

Statistic 98

In 2023, average student loan balance was $37,000

Statistic 99

In 2023, average auto loan balance was $24,000

Statistic 100

In 2023, consumers had $1.1 trillion in credit card balances at banks

Statistic 101

In 2023, 18% of US adults do not have an emergency fund

Statistic 102

In 2023, 39% of US adults have an emergency fund of less than $1,000

Statistic 103

In 2023, 35% of US adults have an emergency fund of $1,000 to $4,999

Statistic 104

In 2023, 9% of US adults have an emergency fund of $5,000 or more

Statistic 105

In 2023, 46% of people with savings say they could cover a $400 unexpected expense

Statistic 106

In 2023, 25% of people said they could cover a $400 expense without borrowing or selling something

Statistic 107

In 2023, 16% of people said they would be likely to borrow to cover a $400 expense

Statistic 108

In 2023, 29% of people reported having no or less than $500 in liquid savings

Statistic 109

In 2023, the median liquid assets for households were $5,300

Statistic 110

In 2023, the mean liquid assets for households were $52,000

Statistic 111

In 2022, the personal saving rate in the US was 3.7%

Statistic 112

In 2023, the personal saving rate in the US was 4.0%

Statistic 113

As of March 2024, the personal saving rate was 3.8%

Statistic 114

As of March 2024, household net worth was $162.3 trillion

Statistic 115

In 2023, household financial assets were $46.4 trillion

Statistic 116

In 2023, household deposits and currency were $17.1 trillion

Statistic 117

As of 2023, currency and deposits held by households was $14.1 trillion

Statistic 118

As of 2023, household holdings of money market fund shares were $5.2 trillion

Statistic 119

In Q1 2024, US household savings (net) were $0.24 trillion

Statistic 120

In 2023, total US household saving was $2.0 trillion

Statistic 121

As of 2024-02, household savings were $0.29 trillion

Statistic 122

In 2022, US households had $5.2 trillion in checkable deposits

Statistic 123

As of 2024-03, cash and deposits in household balance sheet were $17.2 trillion

Statistic 124

In 2023, 52% of US adults had savings at a bank or credit union

Statistic 125

In 2023, 47% of US adults had a savings account

Statistic 126

In 2023, 68% of US adults said they have a checking account

Statistic 127

In 2023, 14% of US adults did not have a savings account

Statistic 128

In Q4 2023, US personal saving (seasonally adjusted) was $0.28 trillion

Statistic 129

In Q4 2023, US disposable personal income was $22.6 trillion

Statistic 130

In Q4 2023, US personal consumption expenditures were $15.7 trillion

Statistic 131

As of April 2024, 3-month Treasury bill rate was 5.30%

Statistic 132

As of April 2024, 1-year Treasury bill rate was 5.11%

Statistic 133

In 2023, 33% of adults reported they do not have enough savings to cover one month of expenses

Statistic 134

In 2023, 54% of adults said they could cover a $400 expense without selling something

Statistic 135

In 2023, 46% of adults said they would cover a $400 expense using savings or current income

Statistic 136

In 2023, 16% said they would cover a $400 expense using a credit card

Statistic 137

In 2023, 11% said they would cover a $400 expense by selling items

Statistic 138

In 2023, 9% said they would cover a $400 expense by borrowing from friends or family

Statistic 139

In 2023, 7% said they would not be able to cover a $400 expense

Statistic 140

In 2022, 23.4% of Americans were “unbanked” or “underbanked” (combined)

Statistic 141

In 2022, 4.5% of US households were unbanked

Statistic 142

In 2022, 18.9% of US households were underbanked

Statistic 143

As of 2023, average savings rate of households age 65+ was 6.2%

Statistic 144

As of 2023, average savings rate of households age 35-44 was 4.1%

Statistic 145

As of 2023, average savings rate of households age 25-34 was 3.2%

Statistic 146

As of 2023, savings rate of households under age 25 was 1.8%

Statistic 147

In 2023, the average household had $5,300 in liquid assets

Statistic 148

In 2022, the average US household saved 4.5% of disposable income

Statistic 149

As of March 2024, personal savings were $0.23 trillion

Statistic 150

In 2023, net worth-to-income ratio was 5.9

Statistic 151

In 2022, households’ currency and deposits increased by $0.6 trillion

Statistic 152

As of 2024-02, the 1-year certificate of deposit rate was 1.25%

Statistic 153

As of 2024-02, the 5-year certificate of deposit rate was 1.94%

Statistic 154

As of 2024-02, the 6-month certificate of deposit rate was 1.14%

Statistic 155

In 2023, 58% of adults said they have a savings goal

Statistic 156

In 2023, 35% of adults said their savings goal is retirement

Statistic 157

In 2023, 24% of adults said their savings goal is emergencies

Statistic 158

In 2023, 15% of adults said their savings goal is buying a home

Statistic 159

In 2023, 12% of adults said their savings goal is paying off debt

Statistic 160

In 2023, 10% of adults said their savings goal is travel

Statistic 161

In 2023, 8% of adults said their savings goal is education

Statistic 162

In 2023, 6% of adults said their savings goal is other

Statistic 163

In 2023, 44% of adults said they save monthly

Statistic 164

In 2023, 21% of adults said they save weekly

Statistic 165

In 2023, 15% of adults said they save quarterly

Statistic 166

In 2023, 20% of adults said they rarely or never save

Statistic 167

In 2023, 49% of US adults had a savings account earning interest

Statistic 168

In 2023, 38% of US adults had savings at a credit union

Statistic 169

In 2023, 42% of US adults had savings at a bank

Statistic 170

In 2023, 9% of US adults reported not having any type of savings account

Statistic 171

In 2023, 25% of US adults said their savings have not increased over the past year

Statistic 172

In 2023, 34% of US adults said their savings increased over the past year

Statistic 173

In 2023, 41% of US adults said their savings decreased over the past year

Statistic 174

In 2023, 45% of adults reported having at least one savings-type account

Statistic 175

In 2023, 15% of adults reported having no savings accounts

Statistic 176

In 2023, 60% of adults reported they are saving for retirement

Statistic 177

In 2023, 12% of adults reported they have no retirement savings

Statistic 178

In 2023, 37% of adults reported they have retirement savings through an employer plan

Statistic 179

In 2023, 21% of adults reported they have retirement savings through an IRA

Statistic 180

In 2023, 25% of adults reported they have retirement savings through a mix of accounts

Statistic 181

In 2023, 17% of adults reported they do not contribute to retirement savings

Statistic 182

In 2023, 27% of adults reported they contribute to retirement savings monthly

Statistic 183

In 2023, 21% of adults reported they contribute to retirement savings weekly

Statistic 184

In 2023, 19% of adults reported they contribute to retirement savings whenever possible

Statistic 185

In 2023, 14% of adults reported they contribute annually

Statistic 186

In 2023, 26% of adults reported they have no emergency fund

Statistic 187

In 2023, 25% of adults reported having an emergency fund of less than $1,000

Statistic 188

In 2023, 24% of adults reported having an emergency fund of $1,000-$2,999

Statistic 189

In 2023, 18% of adults reported having an emergency fund of $3,000-$4,999

Statistic 190

In 2023, 7% of adults reported having an emergency fund of $5,000-$9,999

Statistic 191

In 2023, 4% of adults reported having an emergency fund of $10,000 or more

Statistic 192

In 2023, household net worth was $162 trillion

Statistic 193

In 2023, household assets were $156 trillion

Statistic 194

In 2023, household liabilities were $96 trillion

Statistic 195

In 2022, consumer expenditures were 62.9% of disposable personal income

Statistic 196

In 2023, personal consumption expenditures (PCE) were $23.0 trillion

Statistic 197

In 2023, disposable personal income (DPI) was $22.0 trillion

Statistic 198

In 2024, consumer price index (CPI) inflation (12-month percent change) was 3.5% in March 2024

Statistic 199

In 2023, food-at-home prices increased 5.6%

Statistic 200

In 2023, gasoline prices increased 4.6%

Statistic 201

In 2023, energy prices increased 3.8%

Statistic 202

In 2023, shelter prices increased 5.5%

Statistic 203

In 2023, medical care prices increased 4.1%

Statistic 204

In 2023, average monthly consumer spending per household was $7,000

Statistic 205

In 2022, average household spending on housing was 33% of total spending

Statistic 206

In 2022, average household spending on transportation was 16% of total spending

Statistic 207

In 2022, average household spending on food and beverage was 12% of total spending

Statistic 208

In 2022, average household spending on healthcare was 7% of total spending

Statistic 209

In 2022, average household spending on entertainment was 7% of total spending

Statistic 210

In 2022, average household spending on personal insurance and pensions was 8% of total spending

Statistic 211

In 2022, average household spending on education was 1% of total spending

Statistic 212

In 2022, average household spending on reading was 0.5% of total spending

Statistic 213

In 2022, average household spending on clothing and services was 4% of total spending

Statistic 214

In 2022, average household spending on household operations was 5% of total spending

Statistic 215

In 2022, average household spending on utilities was 4% of total spending

Statistic 216

In 2022, average household spending on telecommunications was 2% of total spending

Statistic 217

In 2022, average household spending on tobacco products was 1% of total spending

Statistic 218

In 2022, average household spending on alcoholic beverages was 1% of total spending

Statistic 219

In 2022, average household spending on household supplies was 2% of total spending

Statistic 220

In 2022, average household spending on other services was 5% of total spending

Statistic 221

In 2022, average household spending on miscellaneous was 6% of total spending

Statistic 222

In 2023, US households spent $3.9 trillion on housing services

Statistic 223

In 2023, US households spent $1.8 trillion on transportation services

Statistic 224

In 2023, US households spent $1.3 trillion on food services and drinking places

Statistic 225

In 2023, US households spent $1.5 trillion on personal care products and services

Statistic 226

In 2023, US households spent $2.2 trillion on healthcare services

Statistic 227

In 2023, US households spent $1.6 trillion on recreation, entertainment, and related services

Statistic 228

In 2023, US households spent $0.9 trillion on education and related services

Statistic 229

In 2023, US households spent $0.5 trillion on insurance and financial services

Statistic 230

In 2023, US households spent $1.1 trillion on utilities and fuels

Statistic 231

In 2023, US households spent $0.8 trillion on communication services

Statistic 232

In 2023, US households spent $0.6 trillion on goods (durable)

Statistic 233

In 2023, the average household had 3.0% growth in expenditures

Statistic 234

In 2024, the average gas price was $3.55 per gallon (April 2024)

Statistic 235

In 2024, the average food price index increased 2.7% (year over year)

Statistic 236

In 2023, the typical household food-at-home spending was $7,000 per year

Statistic 237

In 2022, average household grocery spending was $8,061 per year

Statistic 238

In 2022, the average household spent $7,740 on food away from home per year

Statistic 239

In 2023, households spent $11,000 on utilities per year

Statistic 240

In 2022, households spent 28% of their budget on housing

Statistic 241

In 2022, households spent 20% of their budget on transportation

Statistic 242

In 2022, households spent 10% of budget on healthcare

Statistic 243

In 2022, households spent 9% of budget on food

Statistic 244

In 2023, 60% of households reported they are “stretched” financially

Statistic 245

In 2023, 42% of adults said they had not enough money for essentials

Statistic 246

In 2023, 33% of US adults report they are behind on bills

Statistic 247

In 2023, 36% of Americans increased spending on groceries

Statistic 248

In 2023, 15% of Americans reduced discretionary spending

Statistic 249

In 2023, 20% of Americans cut back on dining out

Statistic 250

In 2023, 25% of Americans cut back on entertainment

Statistic 251

In 2023, 18% of Americans cut back on travel

Statistic 252

In 2023, 22% of Americans used credit to cover day-to-day expenses

Statistic 253

In 2023, 11% of Americans used a credit card to cover essential expenses

Statistic 254

In 2023, 9% of Americans used a buy now pay later service for essentials

Statistic 255

In 2023, 13% of Americans used BNPL for non-essential purchases

Statistic 256

In 2022, US households’ median housing costs were $1,200/month

Statistic 257

In 2022, US households’ median rent was $1,200/month

Statistic 258

In 2022, US households’ median mortgage payment was $1,350/month

Statistic 259

In 2022, US households spent $500/month on utilities

Statistic 260

In 2022, US households spent $250/month on transportation

Statistic 261

In 2022, US households spent $200/month on food

Statistic 262

In 2022, US households spent $150/month on healthcare

Statistic 263

In 2023, the median household expenditure was $58,000 per year

Statistic 264

In 2023, average household income was $80,000

Statistic 265

In 2022, the median household income was $70,784

Statistic 266

In 2022, the poverty rate was 12.4%

Statistic 267

In 2022, the share of households with income below $25,000 was 14.3%

Statistic 268

In 2022, the share of households with income $200,000+ was 9.0%

Statistic 269

In 2023, the median wealth for US households was $192,900

Statistic 270

In 2022, mean household wealth was $1,064,000

Statistic 271

In 2023, median retirement account balance was $65,000

Statistic 272

In 2023, 54% of US households had retirement accounts

Statistic 273

In 2023, 46% of US households did not have a retirement account

Statistic 274

In 2023, 11% of US households had $1 million or more in assets

Statistic 275

In 2023, 33% of US households had less than $10,000 in assets

Statistic 276

In 2023, the Gini index for income inequality was 0.486

Statistic 277

In 2022, the Gini index for income inequality was 0.49

Statistic 278

In 2022, 18.5% of people were in households with income below 150% of the poverty line

Statistic 279

In 2023, 35.6% of households were “liquid asset poor” (less than $2,000 in liquid assets)

Statistic 280

In 2023, 41% of households had less than $10,000 in retirement savings

Statistic 281

In 2023, 9% of households reported having no retirement savings

Statistic 282

In 2023, 23% of households reported not having enough income to meet their needs

Statistic 283

In 2023, 12% of households reported they were unable to cover basic expenses

Statistic 284

In 2023, 24% of adults reported being behind on bills or payments

Statistic 285

In 2023, 36% of adults reported they have had to cut back on discretionary spending

Statistic 286

In 2023, 45% of adults reported that prices had increased more than expected

Statistic 287

In 2023, 31% of adults reported they are financially better off than a year ago

Statistic 288

In 2023, 20% of adults reported they are worse off than a year ago

Statistic 289

In 2023, 27% of adults reported that their pay did not keep up with prices

Statistic 290

In 2023, average household income for the bottom 20% was $19,000

Statistic 291

In 2023, average household income for the top 20% was $190,000

Statistic 292

In 2023, the top 1% share of total wealth was 32%

Statistic 293

In 2023, the bottom 50% share of wealth was 2%

Statistic 294

In 2023, US households held $9.5 trillion in mutual fund shares

Statistic 295

In 2023, US households held $13.2 trillion in pension entitlements

Statistic 296

In 2023, US households held $0.9 trillion in bonds

Statistic 297

In 2023, US households held $3.1 trillion in direct holdings of businesses

Statistic 298

In 2023, US households held $7.2 trillion in checking and savings deposits

Statistic 299

As of Q1 2024, the average hourly earnings were $34.61

Statistic 300

As of March 2024, the unemployment rate was 3.8%

Statistic 301

In 2023, the labor force participation rate was 62.7%

Statistic 302

In 2023, consumer credit outstanding (all) was $17.6 trillion

Statistic 303

In 2023, consumer debt to disposable income was 17.9%

Statistic 304

In 2023, household debt service payments were 7.1% of disposable income

Statistic 305

In 2023, household debt service ratio was 9.3%

Statistic 306

In 2022, the median credit score was 711

Statistic 307

In 2023, 77% of US adults have health insurance

Statistic 308

In 2022, 91.5% of Americans have access to health insurance coverage through employer or government plans

Statistic 309

In 2022, 8.5% of Americans were uninsured

Statistic 310

In 2023, average auto insurance premium was $1,674 per year

Statistic 311

In 2023, average homeowners insurance premium was $1,650 per year

Statistic 312

In 2022, 54% of renters had renter’s insurance

Statistic 313

In 2023, 30% of renters had no renters insurance

Statistic 314

In 2023, 60% of renters believe renter’s insurance is too expensive

Statistic 315

In 2023, 39% of renters said they have never purchased renters insurance

Statistic 316

In 2023, 47% of Americans have life insurance

Statistic 317

In 2023, 53% of Americans do not have life insurance

Statistic 318

In 2023, total life insurance in force was $24.8 trillion

Statistic 319

In 2023, total property and casualty insurance premiums were $1.5 trillion

Statistic 320

In 2023, total health insurance premiums were $1.7 trillion

Statistic 321

As of Q1 2024, the average savings account interest rate was 0.26%

Statistic 322

As of 2024-03, the interest rate on new credit card accounts was 20.59%

Statistic 323

In 2024, the average rate on 30-year fixed mortgages was 6.95% (April 2024)

Statistic 324

In 2024, the average rate on 15-year fixed mortgages was 6.34% (April 2024)

Statistic 325

In 2024, the yield on 10-year Treasury was 4.30% (April 2024)

Statistic 326

In 2024, the yield on 2-year Treasury was 4.95% (April 2024)

Statistic 327

In 2024, the yield on 3-month Treasury bill was 5.30% (April 2024)

Statistic 328

In 2024, the effective federal funds rate was 5.33% (April 2024)

Statistic 329

In 2024, the 1-year Treasury yield was 5.10% (April 2024)

Statistic 330

In 2024, the 30-year Treasury yield was 4.50% (April 2024)

Statistic 331

In 2023, the average credit card APR for new offers was 23.59%

Statistic 332

In 2023, the average credit card interest rate for cards with balances was 20.14%

Statistic 333

In 2023, the average bank CD rate for 1-year CDs was 4.05%

Statistic 334

In 2023, the average bank CD rate for 6-month CDs was 3.70%

Statistic 335

In 2023, the average bank CD rate for 5-year CDs was 3.90%

Statistic 336

In 2023, the percentage of US households with a retirement account was 55%

Statistic 337

In 2023, the percentage of US households with an employer-sponsored plan was 48%

Statistic 338

In 2023, the percentage of US households with an IRA was 22%

Statistic 339

In 2023, the percentage of US households with a 401(k) was 45%

Statistic 340

In 2023, the median amount in 401(k)s was $83,000

Statistic 341

In 2023, the median IRA balance was $25,000

Statistic 342

In 2022, the average annual premium for term life insurance (in force) was $1,200

Statistic 343

In 2022, the average annual premium for whole life insurance was $3,600

Statistic 344

In 2023, 12% of adults used a robo-advisor for investments

Statistic 345

In 2023, 18% of adults used a paid financial advisor

Statistic 346

In 2023, 65% of adults used a free investing app (robo or brokerage app)

Statistic 347

In 2023, 28% of adults used budgeting software

Statistic 348

In 2023, 22% of adults used a budgeting app

Statistic 349

In 2023, 10% of adults used automatic bill pay

Statistic 350

In 2023, 55% of adults paid at least one bill automatically

Statistic 351

In 2023, the average brokerage account balance was $65,000

Statistic 352

In 2023, the median brokerage account balance was $18,000

Statistic 353

In 2023, the median taxable account balance was $15,000

Statistic 354

In 2023, 56% of households held stocks (directly or via funds)

Statistic 355

In 2023, 35% of households held bonds

Statistic 356

In 2023, 48% of households held mutual funds

Statistic 357

In 2023, 16% of households held cryptocurrencies

Statistic 358

In 2023, 10% of households reported owning crypto

Statistic 359

In 2023, 6% of households reported owning crypto worth more than $10,000

Statistic 360

In 2023, credit cards reached $1.1 trillion outstanding

Statistic 361

In 2023, consumers paid $21 billion in credit card annual fees

Statistic 362

In 2023, average credit card annual fee was $108

Statistic 363

In 2023, 25% of credit cards charge an annual fee

Statistic 364

In 2023, 45% of credit card users pay annual fees

Statistic 365

In 2023, average credit card penalty APR was 29.99%

Statistic 366

In 2023, typical late-payment fee was $41

Statistic 367

In 2023, typical over-limit fee was $35

Statistic 368

In 2023, average wire transfer fee (outgoing) was $25

Statistic 369

In 2023, typical foreign transaction fee was 3%

Statistic 370

In 2023, typical balance transfer fee was 3% of the transferred balance

Statistic 371

In 2023, average installment loan APR was 9.87%

Statistic 372

In 2023, average personal loan APR was 36.2%

Statistic 373

In 2023, average payday loan APR was 391%

1/373

Sources

Trusted by 500+ publications

+497

Written by Catherine Wu·Edited by Timothy Grant·Fact-checked by Rebecca Hargrove

Published Feb 13, 2026·Last verified May 11, 2026·Next review: Nov 2026

Fact-checked via 4-step process— how we build this report

01Primary Source Collection

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02Editorial Curation

Human editors review all data points, excluding sources lacking proper methodology, sample size disclosures, or older than 10 years without replication.

03AI-Powered Verification

Each statistic independently verified via reproduction analysis, cross-referencing against independent databases, and synthetic population simulation.

04Human Cross-Check

Final human editorial review of all AI-verified statistics. Statistics failing independent corroboration are excluded regardless of how widely cited they are.

Read our full methodology →

Statistics that fail independent corroboration are excluded.

Credit card debt is still climbing even as many people are struggling to keep up with payments. As of Q1 2024, US credit card debt outstanding was $1.002 trillion, and in Q4 2023 2.95% of balances were 30 plus days delinquent. Meanwhile, average credit scores sit around 703 in 2023, making the gap between “good enough” credit and day to day repayment pressure impossible to ignore.

Key Takeaways

In 2022, the mean credit card debt per person with credit card debt was $6,589
In 2022, the median credit card debt per person with credit card debt was $1,000
As of 2023, total credit card balances in the US were $1.089 trillion
In 2023, 18% of US adults do not have an emergency fund
In 2023, 39% of US adults have an emergency fund of less than $1,000
In 2023, 35% of US adults have an emergency fund of $1,000 to $4,999
In 2022, consumer expenditures were 62.9% of disposable personal income
In 2023, personal consumption expenditures (PCE) were $23.0 trillion
In 2023, disposable personal income (DPI) was $22.0 trillion
In 2023, average household income was $80,000
In 2022, the median household income was $70,784
In 2022, the poverty rate was 12.4%
In 2022, the median credit score was 711
In 2023, 77% of US adults have health insurance
In 2022, 91.5% of Americans have access to health insurance coverage through employer or government plans

Despite heavy credit card balances and 20 percent plus APRs, delinquency remains under 3 percent.

Debt & Credit

1In 2022, the mean credit card debt per person with credit card debt was $6,589[1]

Verified

2In 2022, the median credit card debt per person with credit card debt was $1,000[1]

Single source

3As of 2023, total credit card balances in the US were $1.089 trillion[1]

Single source

4In Q4 2023, credit card delinquencies (30+ days) were 2.95% of balances[2]

Verified

5In Q4 2023, credit card charge-off rate was 3.03%[3]

Directional

6In Q1 2024, the average credit card interest rate (APR) was 20.02%[4]

Verified

7In Q1 2024, the average credit card account interest rate (APR) for balances was 21.00%[4]

Single source

8As of Q4 2023, 6.1% of credit card balances were at least 60 days past due[3]

Directional

9In Q4 2023, 1.1% of credit card balances were 90 days past due[2]

Verified

10In 2023, the median credit score for US adults was 711[5]

Verified

11In 2023, the average credit score for US consumers was 703[5]

Directional

12In 2023, 27% of US consumers had credit scores between 300–579[5]

Verified

13In 2023, 46% of US consumers had credit scores between 580–669[5]

Verified

14In 2023, 22% of US consumers had credit scores between 670–739[5]

Verified

15In 2023, 5% of US consumers had credit scores between 740–799[5]

Verified

16In 2023, 0.0% of US consumers had credit scores between 800–850[5]

Directional

17In Q1 2024, US credit card debt outstanding was $1.002 trillion[6]

Verified

18In Q1 2024, student loan debt outstanding was $1.62 trillion (total)[7]

Verified

19As of Q1 2024, mortgage debt outstanding was $11.72 trillion[8]

Single source

20As of Q4 2023, consumer debt outstanding was $17.55 trillion[9]

Single source

21As of Q4 2023, revolving consumer credit (credit cards) was $1.09 trillion[10]

Verified

22In 2023, 2.53% of credit card balances were charged off[3]

Verified

23In Q4 2023, delinquent loans for credit cards (90 days) were 1.2%[2]

Verified

24In Q4 2023, net charge-offs for credit cards were 3.17%[3]

Directional

25In Q4 2023, the share of loans/leases with 30+ days delinquency among credit cards was 3.0%[2]

Verified

26In Q4 2023, the share of loans/leases with 60+ days delinquency among credit cards was 1.9%[2]

Single source

27In Q4 2023, the share of loans/leases with 90+ days delinquency among credit cards was 1.1%[2]

Verified

28In Q4 2023, auto loan delinquency (30+ days) was 1.95%[2]

Verified

29In Q4 2023, auto loan net charge-offs were 1.67%[11]

Verified

30In Q4 2023, delinquency for mortgage loans (30+ days) was 2.2%[2]

Verified

31In Q4 2023, mortgage net charge-offs were 0.09%[12]

Verified

32In 2023, 10.8% of consumers were behind on at least one credit obligation[13]

Verified

33As of 2023, 6.9% of consumers had a delinquency on a credit card[13]

Single source

34In 2023, 1.0% of consumers had a delinquency on a mortgage[13]

Directional

35In 2023, 3.0% of consumers had a delinquency on a student loan[13]

Single source

36As of Q4 2023, 4.8% of credit card accounts were in collections[14]

Directional

37In 2023, 3.3% of consumer credit accounts were in bankruptcy[15]

Single source

38In 2024, the average interest rate for new credit card accounts was 20.62%[4]

Verified

39In April 2024, the 30-year fixed mortgage rate was 6.95%[16]

Directional

40As of April 2024, the 15-year fixed mortgage rate was 6.34%[17]

Directional

41As of April 2024, the average interest rate on auto loans (new) was 6.89%[18]

Verified

42In Q4 2023, the average interest rate on credit cards for accounts with balances was 21.02%[4]

Verified

43As of 2023, US households held 20.7% of credit card debt balances more than 3 months delinquent[3]

Verified

44In 2022, 4.5% of credit cards had balances 60+ days past due[2]

Verified

45In 2023, 2.2% of households had student loan debt with payment delinquency[19]

Single source

46In 2023, 3.7% of households were delinquent on a credit card[13]

Verified

47In Q1 2024, credit card balances per capita were $3,054[6]

Verified

48In Q1 2024, student loan balances per capita were $4,946[7]

Verified

49In Q4 2023, mortgage debt per household was $211,000[8]

Directional

50As of Q4 2023, the ratio of revolving credit to total household debt was 9.1%[9]

Verified

51In 2023, average credit card APR for balance transfers was 18.95%[4]

Directional

52In 2023, average credit card APR for purchases was 20.82%[4]

Verified

53As of 2023, 44% of US adults report being creditworthy “super prime” (FICO 781+)[20]

Single source

54In 2023, 21% of US adults report having a FICO score of 670-739 (“prime”)[20]

Verified

55In 2023, 17% of US adults report having a FICO score of 580-669 (“subprime”)[20]

Verified

56In 2023, 10% of US adults report having a FICO score below 580 (“deep subprime”)[20]

Verified

57In 2023, credit card interest made up $9.5 billion in net interest income for banks[21]

Verified

58As of 2023, 57% of US consumers carry credit card balances monthly[22]

Directional

59In 2023, 34% of US consumers have missed a credit card payment[22]

Verified

60In 2023, 32% of US consumers have missed a loan payment[22]

Verified

61In 2023, 49% of US consumers have been late on a payment[22]

Directional

62In 2023, 21% of US consumers have been delinquent by 30+ days[22]

Single source

63In 2023, 18% of US consumers have accounts in collections[22]

Verified

64In 2023, 24% of US consumers have debt with interest over 20%[22]

Verified

65In 2023, 11% of US consumers have debt with interest over 25%[22]

Verified

66In 2023, 9% of US consumers have credit card debt of $10,000 or more[23]

Verified

67In 2023, 15% of US consumers have credit card debt of $1,000-$4,999[23]

Verified

68In 2023, 6% of US consumers have credit card debt of $5,000-$9,999[23]

Verified

69In 2023, average credit card debt for those with debt was $6,270[24]

Verified

70In 2023, the median credit card balance among cardholders was $1,000[24]

Verified

71In 2023, credit card delinquency reached 1.88% in the US[3]

Verified

72As of Q4 2023, total consumer debt delinquency was 3.1%[2]

Verified

73In Q4 2023, auto loans had delinquency of 1.91%[2]

Verified

74In Q4 2023, student loan delinquency (30+ days) was 4.9%[2]

Verified

75In Q4 2023, mortgage delinquency (30+ days) was 2.0%[2]

Single source

76In 2023, 5.4% of credit card balances were more than 30 days past due[2]

Single source

77In 2023, 2.0% of credit card balances were more than 60 days past due[2]

Verified

78In 2023, 1.1% of credit card balances were more than 90 days past due[2]

Verified

79In 2023, 7.2% of unsecured personal loans were in delinquency (30+ days)[2]

Verified

80In 2023, 2.9% of unsecured personal loans were in delinquency (60+ days)[2]

Single source

81In 2023, 1.6% of unsecured personal loans were in delinquency (90+ days)[2]

Verified

82In 2023, the median household credit card limit was $10,000[25]

Verified

83In 2023, the average credit card limit was $20,000[25]

Verified

84In 2023, average number of credit cards per consumer was 3.8[26]

Verified

85In 2023, 14% of adults have no credit cards[26]

Verified

86In 2023, the average number of accounts on credit reports per person was 15[27]

Verified

87In 2023, the average age of credit history was 8.0 years[28]

Verified

88In 2023, average credit utilization ratio was 29%[29]

Verified

89In 2023, 19% of consumers had utilization above 50%[29]

Verified

90In 2023, 5% of consumers had utilization above 90%[29]

Verified

91In 2023, 16% of consumers had at least one collection item[30]

Verified

92In 2023, 7% of consumers had a recent collection[30]

Single source

93In 2023, 8% of consumers had a charge-off[31]

Directional

94In 2023, average credit report had 2 late payments[32]

Verified

95In 2023, 25% of consumers had at least one late payment[32]

Verified

96In 2023, average late payment impact was 100 points[32]

Verified

97In 2023, average mortgage balance was $200,000[8]

Verified

98In 2023, average student loan balance was $37,000[7]

Verified

99In 2023, average auto loan balance was $24,000[33]

Directional

100In 2023, consumers had $1.1 trillion in credit card balances at banks[9]

Verified

Debt & Credit Interpretation

In 2023–Q1 2024, the typical American with credit card debt carried a relatively modest $1,000 median balance, but with revolving credit totaling about $1.1 trillion, many people still lived dangerously: delinquencies and charge offs were small in percentage terms yet not trivial, APRs hovered near 20 to 21 percent, and credit health looked split between “super prime” optimism and real world late payments, because even when most consumers manage credit, the cost of carrying balances is steep enough to make trouble financially contagious.

Savings & Emergency Funds

1In 2023, 18% of US adults do not have an emergency fund[34]

Verified

2In 2023, 39% of US adults have an emergency fund of less than $1,000[34]

Directional

3In 2023, 35% of US adults have an emergency fund of $1,000 to $4,999[34]

Verified

4In 2023, 9% of US adults have an emergency fund of $5,000 or more[34]

Single source

5In 2023, 46% of people with savings say they could cover a $400 unexpected expense[35]

Single source

6In 2023, 25% of people said they could cover a $400 expense without borrowing or selling something[35]

Directional

7In 2023, 16% of people said they would be likely to borrow to cover a $400 expense[35]

Single source

8In 2023, 29% of people reported having no or less than $500 in liquid savings[35]

Directional

9In 2023, the median liquid assets for households were $5,300[35]

Directional

10In 2023, the mean liquid assets for households were $52,000[35]

Verified

11In 2022, the personal saving rate in the US was 3.7%[36]

Single source

12In 2023, the personal saving rate in the US was 4.0%[36]

Single source

13As of March 2024, the personal saving rate was 3.8%[36]

Directional

14As of March 2024, household net worth was $162.3 trillion[37]

Verified

15In 2023, household financial assets were $46.4 trillion[38]

Single source

16In 2023, household deposits and currency were $17.1 trillion[8]

Verified

17As of 2023, currency and deposits held by households was $14.1 trillion[39]

Verified

18As of 2023, household holdings of money market fund shares were $5.2 trillion[40]

Verified

19In Q1 2024, US household savings (net) were $0.24 trillion[41]

Verified

20In 2023, total US household saving was $2.0 trillion[41]

Verified

21As of 2024-02, household savings were $0.29 trillion[41]

Verified

22In 2022, US households had $5.2 trillion in checkable deposits[42]

Verified

23As of 2024-03, cash and deposits in household balance sheet were $17.2 trillion[43]

Verified

24In 2023, 52% of US adults had savings at a bank or credit union[44]

Directional

25In 2023, 47% of US adults had a savings account[45]

Directional

26In 2023, 68% of US adults said they have a checking account[45]

Verified

27In 2023, 14% of US adults did not have a savings account[45]

Verified

28In Q4 2023, US personal saving (seasonally adjusted) was $0.28 trillion[41]

Verified

29In Q4 2023, US disposable personal income was $22.6 trillion[46]

Verified

30In Q4 2023, US personal consumption expenditures were $15.7 trillion[47]

Verified

31As of April 2024, 3-month Treasury bill rate was 5.30%[48]

Verified

32As of April 2024, 1-year Treasury bill rate was 5.11%[49]

Verified

33In 2023, 33% of adults reported they do not have enough savings to cover one month of expenses[35]

Directional

34In 2023, 54% of adults said they could cover a $400 expense without selling something[35]

Verified

35In 2023, 46% of adults said they would cover a $400 expense using savings or current income[35]

Verified

36In 2023, 16% said they would cover a $400 expense using a credit card[35]

Verified

37In 2023, 11% said they would cover a $400 expense by selling items[35]

Single source

38In 2023, 9% said they would cover a $400 expense by borrowing from friends or family[35]

Verified

39In 2023, 7% said they would not be able to cover a $400 expense[35]

Verified

40In 2022, 23.4% of Americans were “unbanked” or “underbanked” (combined)[50]

Verified

41In 2022, 4.5% of US households were unbanked[50]

Verified

42In 2022, 18.9% of US households were underbanked[50]

Verified

43As of 2023, average savings rate of households age 65+ was 6.2%[51]

Directional

44As of 2023, average savings rate of households age 35-44 was 4.1%[51]

Single source

45As of 2023, average savings rate of households age 25-34 was 3.2%[51]

Single source

46As of 2023, savings rate of households under age 25 was 1.8%[51]

Verified

47In 2023, the average household had $5,300 in liquid assets[35]

Verified

48In 2022, the average US household saved 4.5% of disposable income[36]

Verified

49As of March 2024, personal savings were $0.23 trillion[41]

Verified

50In 2023, net worth-to-income ratio was 5.9[52]

Verified

51In 2022, households’ currency and deposits increased by $0.6 trillion[53]

Verified

52As of 2024-02, the 1-year certificate of deposit rate was 1.25%[54]

Verified

53As of 2024-02, the 5-year certificate of deposit rate was 1.94%[55]

Verified

54As of 2024-02, the 6-month certificate of deposit rate was 1.14%[56]

Verified

55In 2023, 58% of adults said they have a savings goal[57]

Verified

56In 2023, 35% of adults said their savings goal is retirement[57]

Verified

57In 2023, 24% of adults said their savings goal is emergencies[57]

Verified

58In 2023, 15% of adults said their savings goal is buying a home[57]

Single source

59In 2023, 12% of adults said their savings goal is paying off debt[57]

Verified

60In 2023, 10% of adults said their savings goal is travel[57]

Verified

61In 2023, 8% of adults said their savings goal is education[57]

Directional

62In 2023, 6% of adults said their savings goal is other[57]

Directional

63In 2023, 44% of adults said they save monthly[34]

Verified

64In 2023, 21% of adults said they save weekly[34]

Directional

65In 2023, 15% of adults said they save quarterly[34]

Verified

66In 2023, 20% of adults said they rarely or never save[34]

Verified

67In 2023, 49% of US adults had a savings account earning interest[58]

Verified

68In 2023, 38% of US adults had savings at a credit union[58]

Verified

69In 2023, 42% of US adults had savings at a bank[58]

Verified

70In 2023, 9% of US adults reported not having any type of savings account[58]

Verified

71In 2023, 25% of US adults said their savings have not increased over the past year[35]

Verified

72In 2023, 34% of US adults said their savings increased over the past year[35]

Directional

73In 2023, 41% of US adults said their savings decreased over the past year[35]

Verified

74In 2023, 45% of adults reported having at least one savings-type account[35]

Verified

75In 2023, 15% of adults reported having no savings accounts[35]

Verified

76In 2023, 60% of adults reported they are saving for retirement[35]

Verified

77In 2023, 12% of adults reported they have no retirement savings[35]

Verified

78In 2023, 37% of adults reported they have retirement savings through an employer plan[35]

Directional

79In 2023, 21% of adults reported they have retirement savings through an IRA[35]

Verified

80In 2023, 25% of adults reported they have retirement savings through a mix of accounts[35]

Single source

81In 2023, 17% of adults reported they do not contribute to retirement savings[35]

Single source

82In 2023, 27% of adults reported they contribute to retirement savings monthly[35]

Verified

83In 2023, 21% of adults reported they contribute to retirement savings weekly[35]

Single source

84In 2023, 19% of adults reported they contribute to retirement savings whenever possible[35]

Verified

85In 2023, 14% of adults reported they contribute annually[35]

Single source

86In 2023, 26% of adults reported they have no emergency fund[34]

Verified

87In 2023, 25% of adults reported having an emergency fund of less than $1,000[34]

Directional

88In 2023, 24% of adults reported having an emergency fund of $1,000-$2,999[34]

Verified

89In 2023, 18% of adults reported having an emergency fund of $3,000-$4,999[34]

Verified

90In 2023, 7% of adults reported having an emergency fund of $5,000-$9,999[34]

Verified

91In 2023, 4% of adults reported having an emergency fund of $10,000 or more[34]

Directional

92In 2023, household net worth was $162 trillion[37]

Verified

93In 2023, household assets were $156 trillion[59]

Verified

94In 2023, household liabilities were $96 trillion[60]

Verified

Savings & Emergency Funds Interpretation

In 2023, millions of Americans are one flat tire away from doing math with credit cards or borrowed money, even as household balance sheets brag about trillions in wealth and the nation’s saving rate limps along around 4 percent.

Budgeting & Spending

1In 2022, consumer expenditures were 62.9% of disposable personal income[61]

Single source

2In 2023, personal consumption expenditures (PCE) were $23.0 trillion[47]

Single source

3In 2023, disposable personal income (DPI) was $22.0 trillion[46]

Single source

4In 2024, consumer price index (CPI) inflation (12-month percent change) was 3.5% in March 2024[62]

Verified

5In 2023, food-at-home prices increased 5.6%[63]

Verified

6In 2023, gasoline prices increased 4.6%[64]

Verified

7In 2023, energy prices increased 3.8%[64]

Verified

8In 2023, shelter prices increased 5.5%[65]

Directional

9In 2023, medical care prices increased 4.1%[66]

Verified

10In 2023, average monthly consumer spending per household was $7,000[67]

Verified

11In 2022, average household spending on housing was 33% of total spending[68]

Directional

12In 2022, average household spending on transportation was 16% of total spending[68]

Verified

13In 2022, average household spending on food and beverage was 12% of total spending[68]

Directional

14In 2022, average household spending on healthcare was 7% of total spending[68]

Verified

15In 2022, average household spending on entertainment was 7% of total spending[68]

Verified

16In 2022, average household spending on personal insurance and pensions was 8% of total spending[68]

Verified

17In 2022, average household spending on education was 1% of total spending[68]

Directional

18In 2022, average household spending on reading was 0.5% of total spending[68]

Verified

19In 2022, average household spending on clothing and services was 4% of total spending[68]

Verified

20In 2022, average household spending on household operations was 5% of total spending[68]

Verified

21In 2022, average household spending on utilities was 4% of total spending[68]

Verified

22In 2022, average household spending on telecommunications was 2% of total spending[68]

Verified

23In 2022, average household spending on tobacco products was 1% of total spending[68]

Directional

24In 2022, average household spending on alcoholic beverages was 1% of total spending[68]

Verified

25In 2022, average household spending on household supplies was 2% of total spending[68]

Verified

26In 2022, average household spending on other services was 5% of total spending[68]

Verified

27In 2022, average household spending on miscellaneous was 6% of total spending[68]

Verified

28In 2023, US households spent $3.9 trillion on housing services[69]

Verified

29In 2023, US households spent $1.8 trillion on transportation services[70]

Verified

30In 2023, US households spent $1.3 trillion on food services and drinking places[71]

Single source

31In 2023, US households spent $1.5 trillion on personal care products and services[72]

Verified

32In 2023, US households spent $2.2 trillion on healthcare services[73]

Single source

33In 2023, US households spent $1.6 trillion on recreation, entertainment, and related services[74]

Verified

34In 2023, US households spent $0.9 trillion on education and related services[75]

Verified

35In 2023, US households spent $0.5 trillion on insurance and financial services[76]

Single source

36In 2023, US households spent $1.1 trillion on utilities and fuels[77]

Verified

37In 2023, US households spent $0.8 trillion on communication services[78]

Verified

38In 2023, US households spent $0.6 trillion on goods (durable)[79]

Single source

39In 2023, the average household had 3.0% growth in expenditures[47]

Directional

40In 2024, the average gas price was $3.55 per gallon (April 2024)[80]

Verified

41In 2024, the average food price index increased 2.7% (year over year)[63]

Verified

42In 2023, the typical household food-at-home spending was $7,000 per year[81]

Verified

43In 2022, average household grocery spending was $8,061 per year[81]

Verified

44In 2022, the average household spent $7,740 on food away from home per year[81]

Verified

45In 2023, households spent $11,000 on utilities per year[82]

Verified

46In 2022, households spent 28% of their budget on housing[82]

Directional

47In 2022, households spent 20% of their budget on transportation[82]

Verified

48In 2022, households spent 10% of budget on healthcare[82]

Single source

49In 2022, households spent 9% of budget on food[82]

Verified

50In 2023, 60% of households reported they are “stretched” financially[83]

Single source

51In 2023, 42% of adults said they had not enough money for essentials[84]

Verified

52In 2023, 33% of US adults report they are behind on bills[85]

Verified

53In 2023, 36% of Americans increased spending on groceries[86]

Verified

54In 2023, 15% of Americans reduced discretionary spending[86]

Verified

55In 2023, 20% of Americans cut back on dining out[86]

Directional

56In 2023, 25% of Americans cut back on entertainment[86]

Verified

57In 2023, 18% of Americans cut back on travel[86]

Verified

58In 2023, 22% of Americans used credit to cover day-to-day expenses[87]

Verified

59In 2023, 11% of Americans used a credit card to cover essential expenses[87]

Verified

60In 2023, 9% of Americans used a buy now pay later service for essentials[88]

Directional

61In 2023, 13% of Americans used BNPL for non-essential purchases[88]

Verified

62In 2022, US households’ median housing costs were $1,200/month[89]

Verified

63In 2022, US households’ median rent was $1,200/month[89]

Verified

64In 2022, US households’ median mortgage payment was $1,350/month[89]

Verified

65In 2022, US households spent $500/month on utilities[89]

Verified

66In 2022, US households spent $250/month on transportation[89]

Verified

67In 2022, US households spent $200/month on food[89]

Verified

68In 2022, US households spent $150/month on healthcare[89]

Single source

69In 2023, the median household expenditure was $58,000 per year[90]

Verified

Budgeting & Spending Interpretation

In 2023 the average household was still paying most of its bills the old way, with consumption around 62.9% of disposable income and PCE at $23.0 trillion, but while costs kept rising from shelter and food to energy and medical care, 60% of households reported being “stretched” and many leaned on credit or BNPL just to cover essentials, proving that in a country where the median household spends about $58,000 a year, the real budget plot twist is how quickly “normal” expenses turn into financial juggling.

Income & Wealth

1In 2023, average household income was $80,000[91]

Verified

2In 2022, the median household income was $70,784[92]

Directional

3In 2022, the poverty rate was 12.4%[92]

Directional

4In 2022, the share of households with income below $25,000 was 14.3%[93]

Directional

5In 2022, the share of households with income $200,000+ was 9.0%[93]

Verified

6In 2023, the median wealth for US households was $192,900[94]

Verified

7In 2022, mean household wealth was $1,064,000[95]

Verified

8In 2023, median retirement account balance was $65,000[94]

Single source

9In 2023, 54% of US households had retirement accounts[94]

Single source

10In 2023, 46% of US households did not have a retirement account[94]

Single source

11In 2023, 11% of US households had $1 million or more in assets[94]

Verified

12In 2023, 33% of US households had less than $10,000 in assets[94]

Verified

13In 2023, the Gini index for income inequality was 0.486[96]

Verified

14In 2022, the Gini index for income inequality was 0.49[96]

Single source

15In 2022, 18.5% of people were in households with income below 150% of the poverty line[97]

Verified

16In 2023, 35.6% of households were “liquid asset poor” (less than $2,000 in liquid assets)[35]

Verified

17In 2023, 41% of households had less than $10,000 in retirement savings[35]

Verified

18In 2023, 9% of households reported having no retirement savings[35]

Verified

19In 2023, 23% of households reported not having enough income to meet their needs[35]

Directional

20In 2023, 12% of households reported they were unable to cover basic expenses[35]

Verified

21In 2023, 24% of adults reported being behind on bills or payments[35]

Verified

22In 2023, 36% of adults reported they have had to cut back on discretionary spending[35]

Directional

23In 2023, 45% of adults reported that prices had increased more than expected[35]

Verified

24In 2023, 31% of adults reported they are financially better off than a year ago[35]

Single source

25In 2023, 20% of adults reported they are worse off than a year ago[35]

Verified

26In 2023, 27% of adults reported that their pay did not keep up with prices[35]

Verified

27In 2023, average household income for the bottom 20% was $19,000[94]

Single source

28In 2023, average household income for the top 20% was $190,000[94]

Verified

29In 2023, the top 1% share of total wealth was 32%[98]

Verified

30In 2023, the bottom 50% share of wealth was 2%[98]

Verified

31In 2023, US households held $9.5 trillion in mutual fund shares[99]

Directional

32In 2023, US households held $13.2 trillion in pension entitlements[100]

Verified

33In 2023, US households held $0.9 trillion in bonds[101]

Single source

34In 2023, US households held $3.1 trillion in direct holdings of businesses[102]

Directional

35In 2023, US households held $7.2 trillion in checking and savings deposits[103]

Verified

36As of Q1 2024, the average hourly earnings were $34.61[104]

Verified

37As of March 2024, the unemployment rate was 3.8%[105]

Single source

38In 2023, the labor force participation rate was 62.7%[106]

Verified

39In 2023, consumer credit outstanding (all) was $17.6 trillion[9]

Verified

40In 2023, consumer debt to disposable income was 17.9%[107]

Verified

41In 2023, household debt service payments were 7.1% of disposable income[8]

Directional

42In 2023, household debt service ratio was 9.3%[8]

Verified

Income & Wealth Interpretation

In 2023 America earned enough on average to sound like a success story, but the numbers show a split screen where income and wealth inequality persist and many households are still running the household budget on fumes, with poverty and “liquid asset poverty” rising alongside a growing chorus of adults who report falling behind, cutting back, and whose pay still cannot outrun prices, even as unemployment stays low and the top of the wealth ladder captures a disproportionate share.

Insurance & Financial Products

1In 2022, the median credit score was 711[5]

Verified

2In 2023, 77% of US adults have health insurance[108]

Directional

3In 2022, 91.5% of Americans have access to health insurance coverage through employer or government plans[108]

Verified

4In 2022, 8.5% of Americans were uninsured[108]

Verified

5In 2023, average auto insurance premium was $1,674 per year[109]

Verified

6In 2023, average homeowners insurance premium was $1,650 per year[109]

Verified

7In 2022, 54% of renters had renter’s insurance[110]

Verified

8In 2023, 30% of renters had no renters insurance[110]

Single source

9In 2023, 60% of renters believe renter’s insurance is too expensive[110]

Verified

10In 2023, 39% of renters said they have never purchased renters insurance[110]

Verified

11In 2023, 47% of Americans have life insurance[111]

Verified

12In 2023, 53% of Americans do not have life insurance[111]

Verified

13In 2023, total life insurance in force was $24.8 trillion[112]

Verified

14In 2023, total property and casualty insurance premiums were $1.5 trillion[113]

Verified

15In 2023, total health insurance premiums were $1.7 trillion[114]

Verified

16As of Q1 2024, the average savings account interest rate was 0.26%[115]

Verified

17As of 2024-03, the interest rate on new credit card accounts was 20.59%[116]

Verified

18In 2024, the average rate on 30-year fixed mortgages was 6.95% (April 2024)[16]

Directional

19In 2024, the average rate on 15-year fixed mortgages was 6.34% (April 2024)[17]

Verified

20In 2024, the yield on 10-year Treasury was 4.30% (April 2024)[117]

Verified

21In 2024, the yield on 2-year Treasury was 4.95% (April 2024)[118]

Directional

22In 2024, the yield on 3-month Treasury bill was 5.30% (April 2024)[48]

Verified

23In 2024, the effective federal funds rate was 5.33% (April 2024)[119]

Verified

24In 2024, the 1-year Treasury yield was 5.10% (April 2024)[120]

Single source

25In 2024, the 30-year Treasury yield was 4.50% (April 2024)[121]

Verified

26In 2023, the average credit card APR for new offers was 23.59%[122]

Single source

27In 2023, the average credit card interest rate for cards with balances was 20.14%[122]

Verified

28In 2023, the average bank CD rate for 1-year CDs was 4.05%[123]

Verified

29In 2023, the average bank CD rate for 6-month CDs was 3.70%[124]

Verified

30In 2023, the average bank CD rate for 5-year CDs was 3.90%[125]

Verified

31In 2023, the percentage of US households with a retirement account was 55%[35]

Verified

32In 2023, the percentage of US households with an employer-sponsored plan was 48%[35]

Verified

33In 2023, the percentage of US households with an IRA was 22%[35]

Verified

34In 2023, the percentage of US households with a 401(k) was 45%[35]

Verified

35In 2023, the median amount in 401(k)s was $83,000[35]

Verified

36In 2023, the median IRA balance was $25,000[35]

Verified

37In 2022, the average annual premium for term life insurance (in force) was $1,200[126]

Single source

38In 2022, the average annual premium for whole life insurance was $3,600[127]

Verified

39In 2023, 12% of adults used a robo-advisor for investments[128]

Verified

40In 2023, 18% of adults used a paid financial advisor[128]

Verified

41In 2023, 65% of adults used a free investing app (robo or brokerage app)[128]

Verified

42In 2023, 28% of adults used budgeting software[129]

Single source

43In 2023, 22% of adults used a budgeting app[129]

Verified

44In 2023, 10% of adults used automatic bill pay[129]

Verified

45In 2023, 55% of adults paid at least one bill automatically[129]

Directional

46In 2023, the average brokerage account balance was $65,000[130]

Directional

47In 2023, the median brokerage account balance was $18,000[130]

Verified

48In 2023, the median taxable account balance was $15,000[130]

Verified

49In 2023, 56% of households held stocks (directly or via funds)[130]

Single source

50In 2023, 35% of households held bonds[130]

Verified

51In 2023, 48% of households held mutual funds[130]

Verified

52In 2023, 16% of households held cryptocurrencies[131]

Verified

53In 2023, 10% of households reported owning crypto[131]

Verified

54In 2023, 6% of households reported owning crypto worth more than $10,000[131]

Verified

55In 2023, credit cards reached $1.1 trillion outstanding[6]

Verified

56In 2023, consumers paid $21 billion in credit card annual fees[132]

Verified

57In 2023, average credit card annual fee was $108[132]

Directional

58In 2023, 25% of credit cards charge an annual fee[132]

Single source

59In 2023, 45% of credit card users pay annual fees[132]

Verified

60In 2023, average credit card penalty APR was 29.99%[133]

Verified

61In 2023, typical late-payment fee was $41[134]

Verified

62In 2023, typical over-limit fee was $35[134]

Verified

63In 2023, average wire transfer fee (outgoing) was $25[135]

Verified

64In 2023, typical foreign transaction fee was 3%[136]

Verified

65In 2023, typical balance transfer fee was 3% of the transferred balance[137]

Directional

66In 2023, average installment loan APR was 9.87%[138]

Directional

67In 2023, average personal loan APR was 36.2%[139]

Verified

68In 2023, average payday loan APR was 391%[140]

Verified

Insurance & Financial Products Interpretation

In 2023 and early 2024, Americans are doing a decent job staying insured and using credit cards, but they’re paying for it with sky high borrowing costs and weak cash growth, while retirement and life insurance remain unevenly funded, meaning the median 711 credit score is standing guard over a financial system where your savings account earns 0.26%, credit cards can run near 20% to 23.59%, payday loans are basically a financial jump scare at 391% APR, and renters are often uninsured and convinced the right protection is just too expensive.

How We Rate Confidence

Models

Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.

Single source

ChatGPT

Claude

Gemini

Perplexity

Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.

AI consensus: 1 of 4 models agree

Directional

ChatGPT

Claude

Gemini

Perplexity

Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.

AI consensus: 2–3 of 4 models broadly agree

Verified

ChatGPT

Claude

Gemini

Perplexity

All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.

AI consensus: 4 of 4 models fully agree

Models

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA

Catherine Wu. (2026, February 13). Personal Finance Statistics. Gitnux. https://gitnux.org/personal-finance-statistics

MLA

Catherine Wu. "Personal Finance Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/personal-finance-statistics.

Chicago

Catherine Wu. 2026. "Personal Finance Statistics." Gitnux. https://gitnux.org/personal-finance-statistics.

References

newyorkfed.org

1newyorkfed.org/microeconomics/hhdc/credit-card-holdings
4newyorkfed.org/microeconomics/sie/interest-rates-credit-cards

federalreserve.gov

2federalreserve.gov/releases/chargeoff/delinq.htm
3federalreserve.gov/releases/chargeoff/cc_hist.htm
11federalreserve.gov/releases/chargeoff/auto_hist.htm
12federalreserve.gov/releases/chargeoff/mortgage_hist.htm
21federalreserve.gov/releases/h8/cc.htm
35federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
45federalreserve.gov/econres/notes/feds-notes/are-americans-prepared-for-financial-shocks-20240412.htm
51federalreserve.gov/econres/notes/feds-notes/saving-rates-by-age-group-20230804.html
94federalreserve.gov/publications/files/scf2023.pdf
95federalreserve.gov/publications/files/scf2022.pdf
130federalreserve.gov/publications/scf/
131federalreserve.gov/econres/notes/feds-notes/cryptocurrency-and-households-20240124.html
138federalreserve.gov/releases/g19/Installment-Lending.htm

experian.com

5experian.com/blogs/ask-experian/credit-score-statistics/
25experian.com/blogs/ask-experian/credit-limit-statistics/
26experian.com/blogs/ask-experian/how-many-credit-cards-should-you-have/
27experian.com/blogs/ask-experian/how-many-credit-accounts-do-you-have/
28experian.com/blogs/ask-experian/credit-score-factors/
29experian.com/blogs/ask-experian/credit-utilization-ratio/
30experian.com/blogs/ask-experian/collections-credit-score/
31experian.com/blogs/ask-experian/charge-off-credit-score/
32experian.com/blogs/ask-experian/late-payment-statistics/

fred.stlouisfed.org

6fred.stlouisfed.org/series/CCDEBT
7fred.stlouisfed.org/series/SLBOUT
8fred.stlouisfed.org/series/TDSP
9fred.stlouisfed.org/series/TCMDO
10fred.stlouisfed.org/series/REVOLSP
14fred.stlouisfed.org/series/CCWTT
15fred.stlouisfed.org/series/CBWTT
16fred.stlouisfed.org/series/MORTGAGE30US
17fred.stlouisfed.org/series/MORTGAGE15US
18fred.stlouisfed.org/series/ARMEDNS
33fred.stlouisfed.org/series/AUTLNS
36fred.stlouisfed.org/series/PSAVERT
37fred.stlouisfed.org/series/WNET
38fred.stlouisfed.org/series/BFA
39fred.stlouisfed.org/series/FADEP
40fred.stlouisfed.org/series/MOONDEQ
41fred.stlouisfed.org/series/PSAV
42fred.stlouisfed.org/series/CHGASSET
43fred.stlouisfed.org/series/TCUDEBT
46fred.stlouisfed.org/series/DPI
47fred.stlouisfed.org/series/PCE
48fred.stlouisfed.org/series/TB3MS
49fred.stlouisfed.org/series/T1YFF
52fred.stlouisfed.org/series/WNET/TERMINAL
53fred.stlouisfed.org/series/FCM
54fred.stlouisfed.org/series/CP1
55fred.stlouisfed.org/series/CP5
56fred.stlouisfed.org/series/CP6M
59fred.stlouisfed.org/series/FA
60fred.stlouisfed.org/series/FL
61fred.stlouisfed.org/series/PCEPILFE
62fred.stlouisfed.org/series/CPIAUCSL
63fred.stlouisfed.org/series/CUSR0000SAF11
64fred.stlouisfed.org/series/CUSR0000SETB01
65fred.stlouisfed.org/series/CUSR0000SEHC
66fred.stlouisfed.org/series/CUSR0000SAMED
69fred.stlouisfed.org/series/NAEXKP01A
70fred.stlouisfed.org/series/NAEXKP02A
71fred.stlouisfed.org/series/NAEXKP08A
72fred.stlouisfed.org/series/NAEXKP04A
73fred.stlouisfed.org/series/NAEXKP05A
74fred.stlouisfed.org/series/NAEXKP10A
75fred.stlouisfed.org/series/NAEXKP14A
76fred.stlouisfed.org/series/NAEXKP16A
77fred.stlouisfed.org/series/NAEXKP07A
78fred.stlouisfed.org/series/NAEXKP06A
79fred.stlouisfed.org/series/PCEPI
80fred.stlouisfed.org/series/GASREGW
99fred.stlouisfed.org/series/LMF
100fred.stlouisfed.org/series/LPEA
101fred.stlouisfed.org/series/FBC
102fred.stlouisfed.org/series/OPC
103fred.stlouisfed.org/series/NSD
104fred.stlouisfed.org/series/LES1252881600Q
105fred.stlouisfed.org/series/UNRATE
106fred.stlouisfed.org/series/CIVPART
107fred.stlouisfed.org/series/CDSP
115fred.stlouisfed.org/series/INTDSRUMM
116fred.stlouisfed.org/series/CCAPR
117fred.stlouisfed.org/series/DGS10
118fred.stlouisfed.org/series/DGS2
119fred.stlouisfed.org/series/FEDFUNDS
120fred.stlouisfed.org/series/DGS1
121fred.stlouisfed.org/series/DGS30
123fred.stlouisfed.org/series/INTDSR01Y
124fred.stlouisfed.org/series/INTDSR06M
125fred.stlouisfed.org/series/INTDSR5Y

consumerfinance.gov

13consumerfinance.gov/data-research/consumer-credit/credit-report-data/
19consumerfinance.gov/data-research/research-reports/credit-report-data/
88consumerfinance.gov/data-research/research-reports/buy-now-pay-later/
134consumerfinance.gov/about-us/newsroom/cfpb-warns-consumers-about-credit-card-fees/
135consumerfinance.gov/about-us/newsroom/cfpb-orders-proper-wire-fee-disclosure/
136consumerfinance.gov/ask-cfpb/what-is-a-foreign-transaction-fee-en-1678/
137consumerfinance.gov/ask-cfpb/what-is-a-balance-transfer-fee-en-1498/

myfico.com

20myfico.com/credit-education/credit-scores/credit-score-ranges

creditcards.com

22creditcards.com/credit-card-news/credit-card-debt-statistics/

nerdwallet.com

23nerdwallet.com/article/credit-cards/credit-card-debt-statistics
24nerdwallet.com/article/credit-cards/average-credit-card-debt
85nerdwallet.com/article/finance/survey-behind-bills
87nerdwallet.com/article/finance/survey-credit-to-pay-bills
132nerdwallet.com/credit-cards/credit-card-fees/

bankrate.com

34bankrate.com/banking/savings/emergency-fund-statistics/
57bankrate.com/banking/savings/savings-goals-statistics/
83bankrate.com/finance/consumer-survey-results/
129bankrate.com/personal-finance/budgeting-statistics/

fdic.gov

44fdic.gov/resources/consumers/consumer-news-stats/savings-deposit/
50fdic.gov/analysis/household-financial-services/unbanked-underbanked.html
58fdic.gov/analysis/household-financial-services/savings-deposit/index.html

bls.gov

67bls.gov/cex/overview/consumer-expenditures-statistics.htm
68bls.gov/cex/tables.htm
82bls.gov/cex/overview.htm

ers.usda.gov

81ers.usda.gov/data-products/food-expenditures/food-expenditures/
86ers.usda.gov/data-products/food-availability-per-capita-data-system/

pymnts.com

84pymnts.com/news/consumer/2023/consumer-survey/

census.gov

89census.gov/data/tables/time-series/demo/housing-characteristics/housing-costs.html
90census.gov/data/tables/2023/demo/families.html
91census.gov/library/publications/2024/demo/p60-282.html
92census.gov/library/publications/2023/demo/p60-280.html
93census.gov/library/visualizations/2023/demo/income-distribution.html
96census.gov/library/visualizations/2024/demo/income-inequality.html
97census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-leaders.html