Infographic: Americans shed credit cards and debt post-recession

The amount of credit card debt held by Americans sharply fell from 2007 -- the beginning of the recession -- to 2010, according to a closely watched Federal Reserve report,  Survey of Consumer Finances. The data from the survey of nearly 6,500 interviews of U.S. consumers reveals that in 2010, the median amount of debt among households carrying a credit card balance fell to $2,600 from $3,000 in 2007 -- or 16.1 percent. Additionally, the number of cards per household decreased. In 2007, 35 percent of families held four or more credit cards; this fell to 32.7 percent in 2010.

The survey is released every three years. The 2010 data was released in June 2012.

Median credit card debt

To use this graphic on your site, use the following code:

 <center><a href=><img alt=" Infographic: Americans shed credit cards and debt post-recession" border="0" src="" height="486" width="344" /></a> </center>

See more infographics

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 04-21-2019