Bank card debt is frequent, and it is pricey.
Reply:
- Complete U.S. bank card debt: $1.21 trillion
- Common debt per buyer: $5,595
Questions:
- What are a few of the causes folks accumulate bank card debt?
- Think about you had that common quantity of bank card debt. How would you are feeling? What would you do?
- What are the implications of carrying a steadiness in your bank card (ie. not paying the invoice in full every month)?
- What methods can folks use to keep away from or repay bank card debt?
Listed below are the ready-to-go slides for this Query of the Day that you should utilize in your classroom.
Behind the numbers (Academy Financial institution):
“Bank card debt continues to rise nationwide. By the second quarter of 2025, American adults collectively carried greater than $1.21 trillion in bank card debt.4 This is likely one of the highest totals on document and a rise of 6.14% improve from the earlier 12 months. On a person stage, that interprets to a median steadiness of about $5,595 per cardholder.
Trying throughout generational developments, all ages group elevated their common bank card steadiness between 2023 and 2025. Amongst these generations, Gen X has persistently carried the best common bank card debt lately.”
About
the Writer
Kathryn Dawson
Kathryn (she/her) is worked up to affix the NGPF workforce after 9 years of expertise in training as a mentor, tutor, and particular training instructor. She is a graduate of Cornell College with a level in coverage evaluation and administration and has a grasp’s diploma in training from Brooklyn School. Kathryn is trying ahead to bringing her ardour for accessibility and academic justice into curriculum design at NGPF. Throughout her free time, Kathryn loves embarking on cooking tasks, strolling round her Seattle neighborhood together with her canine, or lounging in a hammock with a ebook.
