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According to Experian.com, the following table lists the average credit card debt by age. Borrowing money with a credit card is an expensive way of borrowing funds. Moreover, many people feel burdened financially because of excessive credit card debt.
Age
Credit Card Debt
20
$2,310
21
$1,881
22
$1,939
23
$2,180
24
$2,418
25
$2,675
26
$2,947
27
$3,242
28
$3,573
29
$3,927
It is important to think about how you will use a credit card. When will you use a credit card? How will you guard against running a balance month after month on your credit card?
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