Households Owe $8200 in Credit Card Debt
People didn't use their stimulus checks to pay off credit card debt, says Kimberly Amadeo, About.com's Guide to U.S. Economy. This month's Consumer Credit Statistical Release, published by the Federal Reserve, revealed that American's owe a total of $968.4 billion in credit card debt, or $8,255 per household.
That means the average household is spending at least $246 on debt payments each month (based on 3% minimum payment). Or not, considering the increased number of payment delinquencies.
If you're strugging with your debt payments, here are some things you can do to ease the pressure:


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