Holiday Shopping season is about to kick off. And it is an easy time to
blow your budget fast, but with a little common sense and planning you
can still cross everyone off your list without going broke.
According to Nerd Wallet, an analysis of Federal Reserve statistics and
other government data show that the average US household credit card debt is
$15,607, counting only those households carrying debt. The average
household owes $7,281 on their cards. When looking only at indebted
households, the average debt is $15,607. But even if you're in arrears, you don't necessarily have to go into collections status.