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

Change in Average Credit Card Debt

Reports & Graphics

Definition

Percentage change in average borrower credit card debt, Quarter 3, 2001 – Quarter 3, 2012, adjusted to 2012 dollars.

Description

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. This indicator tracks the change over time, in 2012 dollars, of average credit card debt held by the typical borrower.

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Change in Average Credit Card Debt

Average Credit Card Debt (adjusted to 2012) ($)
StateQ3 2001Q3 2002Q3 2003Q3 2004Q3 2005Q3 2006Q3 2007Q3 2008Q3 2009Q3 2010Q3 2011Q3 2012
United States  $7,706  $8,451  $9,471  $11,124  $11,545  $11,853  $11,907  $12,201  $12,883  $12,209  $11,068  $10,736 
Alabama  $7,822  $8,274  $8,904  $9,901  $10,351  $9,247  $9,071  $8,881  $9,884  $9,024  $9,098  $8,879 
Alaska  $9,469  $10,087  $11,413  $13,066  $13,470  $13,501  $13,309  $13,014  $13,015  $12,152  $11,391  $10,966 
Arizona  $8,304  $9,456  $10,689  $13,036  $12,658  $13,858  $14,029  $14,827  $15,869  $14,602  $12,592  $12,038 
Arkansas  $6,121  $6,480  $6,646  $7,393  $7,654  $7,581  $7,783  $7,530  $7,616  $6,903  $6,355  $6,376 
California  $8,218  $8,433  $10,460  $13,968  $14,350  $16,137  $16,796  $17,486  $18,365  $18,836  $14,969  $13,825 
Colorado  $8,475  $9,626  $11,423  $14,103  $14,481  $13,407  $13,122  $13,230  $14,038  $13,034  $11,681  $11,407 
Connecticut  $9,104  $9,816  $11,195  $13,385  $14,506  $15,380  $14,989  $15,483  $17,350  $16,837  $15,524  $15,028 
Delaware  $7,626  $8,787  $9,754  $11,522  $12,604  $12,141  $11,515  $12,480  $12,750  $12,448  $12,123  $12,178 
District of Columbia  $8,128  $8,595  $9,972  $11,792  $12,279  $14,950  $16,325  $16,400  $18,623  $16,625  $16,179  $15,065 
Florida  $7,779  $8,793  $9,825  $11,259  $11,530  $13,490  $14,146  $14,556  $15,511  $13,995  $12,585  $11,916 
Georgia  $8,304  $9,154  $9,969  $11,899  $11,849  $11,744  $11,702  $11,855  $12,180  $11,291  $10,368  $10,077 
Hawaii  $9,057  $9,521  $9,471  $11,176  $11,291  $11,806  $10,559  $10,955  $13,139  $13,168  $12,667  $13,031 
Idaho  $7,079  $8,268  $9,683  $11,224  $11,428  $10,961  $11,454  $11,977  $12,765  $11,322  $10,584  $9,906 
Illinois  $8,001  $9,027  $9,883  $11,219  $12,144  $12,003  $12,142  $12,609  $13,454  $12,628  $11,685  $11,505 
Indiana  $7,401  $8,453  $9,225  $9,786  $10,343  $9,922  $9,745  $9,649  $9,949  $9,226  $8,626  $8,364 
Iowa  $5,247  $5,834  $6,260  $6,948  $7,052  $6,807  $6,941  $6,850  $6,816  $6,176  $5,990  $5,967 
Kansas  $6,782  $7,265  $7,645  $8,506  $8,257  $8,484  $8,159  $8,058  $8,271  $7,496  $7,259  $7,166 
Kentucky  $6,682  $7,745  $8,163  $8,968  $9,238  $9,126  $8,971  $9,095  $9,386  $8,917  $8,459  $8,347 
Louisiana  $6,159  $6,888  $7,515  $8,199  $8,619  $7,630  $7,468  $7,713  $8,348  $7,734  $7,363  $7,414 
Maine  $7,124  $8,037  $9,344  $10,146  $9,933  $10,598  $10,135  $10,006  $10,671  $10,608  $10,510  $10,171 
Maryland  $8,675  $9,352  $10,280  $12,165  $12,271  $13,665  $13,828  $14,475  $15,239  $14,289  $13,407  $13,068 
Massachusetts  $7,752  $8,455  $9,674  $12,095  $13,332  $13,424  $12,690  $12,928  $13,869  $13,452  $12,888  $12,563 
Michigan  $7,442  $8,580  $9,156  $10,575  $11,369  $10,859  $11,198  $10,988  $11,133  $10,195  $9,293  $8,988 
Minnesota  $6,604  $7,548  $8,615  $10,451  $11,858  $11,989  $11,883  $12,180  $12,306  $11,437  $10,541  $9,978 
Mississippi  $5,749  $6,583  $7,089  $7,989  $7,735  $7,150  $7,187  $7,347  $7,673  $7,238  $7,033  $6,847 
Missouri  $6,753  $7,352  $7,653  $8,564  $8,591  $8,772  $8,847  $8,731  $9,286  $8,650  $8,156  $8,060 
Montana  $5,838  $6,587  $7,234  $8,464  $9,025  $9,198  $9,096  $9,288  $9,431  $8,725  $8,314  $8,120 
Nebraska  $5,703  $6,453  $7,008  $7,766  $8,355  $7,720  $7,875  $7,857  $7,961  $6,966  $6,672  $6,632 
Nevada  $8,142  $9,012  $10,051  $12,612  $13,416  $14,322  $14,598  $14,510  $14,912  $13,842  $11,481  $10,670 
New Hampshire  $7,400  $8,032  $8,894  $10,698  $11,371  $12,127  $11,592  $12,041  $12,540  $11,968  $11,674  $11,748 
New Jersey  $8,469  $9,556  $11,073  $13,492  $14,524  $14,406  $14,368  $14,986  $16,074  $15,151  $14,365  $14,252 
New Mexico  $6,853  $7,216  $7,885  $8,608  $8,523  $8,695  $8,720  $8,954  $9,178  $8,469  $7,926  $8,055 
New York  $8,095  $8,931  $10,000  $11,744  $13,146  $13,020  $12,624  $12,821  $13,805  $12,767  $12,010  $11,791 
North Carolina  $8,991  $9,692  $10,747  $12,305  $11,442  $11,617  $11,298  $11,701  $12,514  $11,785  $10,959  $10,697 
North Dakota  $5,297  $6,159  $6,256  $6,663  $7,145  $6,763  $7,039  $6,803  $7,186  $6,533  $6,215  $5,865 
Ohio  $8,323  $9,674  $10,555  $11,405  $12,085  $11,588  $11,102  $11,173  $11,723  $10,872  $10,242  $9,982 
Oklahoma  $6,255  $6,660  $7,061  $7,650  $7,629  $7,479  $7,471  $7,440  $7,580  $6,838  $6,438  $6,495 
Oregon  $8,267  $8,970  $10,227  $12,012  $11,749  $11,674  $11,824  $12,134  $12,897  $11,814  $10,988  $10,561 
Pennsylvania  $6,988  $7,933  $8,996  $10,237  $10,739  $10,114  $9,895  $10,158  $11,046  $10,788  $10,618  $10,775 
Rhode Island  $7,484  $8,399  $9,555  $11,632  $12,766  $12,438  $12,198  $12,799  $14,479  $14,260  $13,484  $13,803 
South Carolina  $8,222  $8,805  $9,226  $10,430  $9,989  $10,479  $10,415  $10,574  $11,231  $10,536  $9,921  $9,627 
South Dakota  $5,870  $6,346  $7,118  $7,764  $8,247  $7,664  $7,524  $7,599  $7,592  $6,952  $6,773  $6,848 
Tennessee  $7,345  $8,183  $9,158  $9,998  $10,398  $9,857  $9,706  $10,033  $10,746  $9,908  $9,372  $9,101 
Texas  $6,608  $6,917  $7,108  $7,295  $7,412  $7,254  $7,195  $7,321  $7,461  $6,839  $6,409  $6,668 
Utah  $6,918  $7,914  $8,612  $10,241  $11,382  $11,101  $11,429  $11,824  $12,224  $11,230  $10,343  $9,860 
Vermont  $7,566  $7,974  $7,798  $7,949  $8,143  $9,003  $8,426  $8,736  $8,631  $9,728  $9,550  $9,625 
Virginia  $8,398  $9,239  $10,274  $12,066  $11,838  $13,222  $13,286  $13,462  $14,161  $13,166  $12,229  $11,946 
Washington  $9,172  $9,543  $11,175  $13,053  $13,288  $13,114  $14,486  $15,319  $16,216  $15,101  $13,851  $13,087 
West Virginia  $6,791  $7,100  $7,559  $8,097  $8,199  $7,770  $7,606  $7,580  $7,837  $7,662  $7,377  $7,578 
Wisconsin  $7,165  $7,878  $8,545  $9,625  $10,131  $9,466  $9,152  $9,035  $9,278  $8,627  $8,026  $7,920 
Wyoming  $6,592  $7,055  $7,675  $8,523  $8,875  $8,909  $8,241  $8,933  $8,689  $8,155  $7,747  $7,543 

Trend Data. Chicago, IL: TransUnion, 2001-2012.

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