CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Average Credit Card Debt

Definition

Average amount of revolving debt (including debt from credit cards, private label cards and lines of credit) per revolving borrower, Quarter 3 2011.

Description

This measure indicates how much debt from credit cards, private label card and lines of credit the typical borrower is saddled with. When borrowers utilize a high percentage of the revolving credit available to them, it can have a negative impact on their credit score, which in turn makes it difficult to qualify for other types of affordable credit, such as a mortgage. In addition, too much revolving debt drains wealth and negatively affects a household’s ability to build assets.

Credit card debt as reported in the 2012 Assets & Opportunity Scorecard is for individual borrowers rather than for households or families (which may contain two or more individuals with credit cards).

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Average Credit Card Debt

StateTotal Revolving Debt
Per Revolving Borrower ($)
Rank
United States  $10,852   
Alabama  $8,920  19 
Alaska  $11,168  33 
Arizona  $12,347  42 
Arkansas  $6,231 
California  $14,677  49 
Colorado  $11,453  36 
Connecticut  $15,221  50 
Delaware  $11,887  39 
District of Columbia  $15,863  51 
Florida  $12,339  41 
Georgia  $10,165  26 
Hawaii  $12,419  43 
Idaho  $10,378  29 
Illinois  $11,457  37 
Indiana  $8,457  18 
Iowa  $5,873 
Kansas  $7,117 
Kentucky  $8,294  17 
Louisiana  $7,220  10 
Maine  $10,305  27 
Maryland  $13,145  45 
Massachusetts  $12,637  44 
Michigan  $9,112  20 
Minnesota  $10,335  28 
Mississippi  $6,896 
Missouri  $7,996  15 
Montana  $8,151  16 
Nebraska  $6,541 
Nevada  $11,257  34 
New Hampshire  $11,446  35 
New Jersey  $14,085  48 
New Mexico  $7,771  13 
New York  $11,775  38 
North Carolina  $10,745  31 
North Dakota  $6,094 
Ohio  $10,042  24 
Oklahoma  $6,312 
Oregon  $10,773  32 
Pennsylvania  $10,410  30 
Rhode Island  $13,221  46 
South Carolina  $9,728  23 
South Dakota  $6,641 
Tennessee  $9,189  21 
Texas  $6,284 
Utah  $10,141  25 
Vermont  $9,363  22 
Virginia  $11,990  40 
Washington  $13,580  47 
West Virginia  $7,233  11 
Wisconsin  $7,870  14 
Wyoming  $7,596  12 

Source

Trend Data. Chicago, IL: TransUnion, 2011.

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