- 27
- January
2012
The amount of debt that the average American holds has been the subject of much conversation in recent years. Over the past year, consumers managed to cut a significant portion of their credit card debt. In fact, Nevada credit card holders sit a little below the national average for credit card debt. Whether or not this downward trend in card debt will continue is uncertain.
A report recently released by a financial education group shows that Americans cut the average credit card debt level by 11 percent during 2011. Last year, the national average for credit card debt was $6,576, which is nearly a $1,000 drop from the previous year. That's a pretty significant amount of debt dropped by the average American.





