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The Average Household Credit Card Debt - Why You Should Not Be Concerned Reports of the average household credit card debt of consumers in the United States range from $8,000.00 to over $10,000.00. These figures are said to represent an increasing debt crisis among American families and are used to support calls for credit card reforms. But should you be concerned about these figures even if we could agree on one of them? [VIEW ARTICLE]Comments RSS Feed For This Article: 
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Subject: Fun with numbers
Your argument seems good, but there are a few problems with your line of thinking. First of all, it does not follow from your comparison between batting averages and debt averages that the internal differences are the same. Secondly, if we suppose that they are, this means that 3 out of 9 are above average. This means 33,3% of all American households. That is not a small number. Another point of concern is that the average is increasing. This means that as a general rule Americans rely more on expensive loans to get through their every day lives than before. That should make you concerned.