2013 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

Households with Savings Accounts

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

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Average Credit Card Debt

Reports & Graphics

Definition

Average amount of revolving debt (including debt from credit cards, private label cards and lines of credit) per revolving borrower, Quarter 3, 2012.

Description

This measure indicates how much debt from credit cards, private label cards 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 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  $10,736   
Alabama  $8,879  19 
Alaska  $10,966  34 
Arizona  $12,038  41 
Arkansas  $6,376 
California  $13,825  48 
Colorado  $11,407  35 
Connecticut  $15,028  50 
Delaware  $12,178  42 
District of Columbia  $15,065  51 
Florida  $11,916  39 
Georgia  $10,077  28 
Hawaii  $13,031  44 
Idaho  $9,906  25 
Illinois  $11,505  36 
Indiana  $8,364  18 
Iowa  $5,967 
Kansas  $7,166 
Kentucky  $8,347  17 
Louisiana  $7,414  10 
Maine  $10,171  29 
Maryland  $13,068  45 
Massachusetts  $12,563  43 
Michigan  $8,988  20 
Minnesota  $9,978  26 
Mississippi  $6,847 
Missouri  $8,060  15 
Montana  $8,120  16 
Nebraska  $6,632 
Nevada  $10,670  31 
New Hampshire  $11,748  37 
New Jersey  $14,252  49 
New Mexico  $8,055  14 
New York  $11,791  38 
North Carolina  $10,697  32 
North Dakota  $5,865 
Ohio  $9,982  27 
Oklahoma  $6,495 
Oregon  $10,561  30 
Pennsylvania  $10,775  33 
Rhode Island  $13,803  47 
South Carolina  $9,627  23 
South Dakota  $6,848 
Tennessee  $9,101  21 
Texas  $6,668 
Utah  $9,860  24 
Vermont  $9,625  22 
Virginia  $11,946  40 
Washington  $13,087  46 
West Virginia  $7,578  12 
Wisconsin  $7,920  13 
Wyoming  $7,543  11 

Source

Trend Data. Chicago, IL: TransUnion, 2012.

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