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FAMILIES WITH CREDIT CARDS, 2007 AND 2010
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  2007 (1) 2010
All families    
Percent of all families with credit cards 72.9% 68.0%
Percent of all families with credit card balance 46.1 39.4
Median amount of credit card balance ($000) $3.1 $2.6
Families with credit card balance    
By percentile of income    
Less than 20 25.7% 23.2%
20 to 39.9 39.5 33.4
40 to 59.9 54.8 45.0
60 to 79.9 62.1 53.1
80 to 89.9 55.8 51.0
90 to 100 40.6 33.6
Median amount of credit card balance ($000)    
By percentile of income    
Less than 20 $1.0 $1.0
20 to 39.9 1.9 1.5
40 to 59.9 2.5 2.2
60 to 79.9 4.2 3.1
80 to 89.9 5.8 2.9
90 to 100 7.9 8.0

(1) All 2007 dollars adjusted to 2010 dollars.

Note: Latest data available. Based on surveys conducted every three years.

Source: Survey of Consumer Finances, Board of Governors of the Federal Reserve System.

 

Archived Tables

FAMILIES WITH CREDIT CARDS, 2004 AND 2007
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  2004 (1) 2007
All families    
Percent of all families with credit cards 74.9% 73.0%
Percent of all families with credit card balance 46.2 46.1
Median amount of credit card balance  ($000) $2.4 $3.0
Families with credit card balance    
By percentile of income    
     Less than 20 28.8% 25.7%
     20 to 39.9 42.9 39.4
     40 to 59.9 55.1 54.9
     60 to 79.9 56.1 62.1
     80 to 89.9 57.6 55.8
     90 to 100 38.5 40.6
Median amount of credit card balance ($000)    
By percentile of income    
     Less than 20 $1.1 $1.0
     20 to 39.9 2.0 1.8
     40 to 59.9 2.4 2.4
     60 to 79.9 3.3 4.0
     80 to 89.9 3.0 5.5
     90 to 100 4.4 7.5
(1) All 2004 dollars adjusted to 2007 dollars.

Note: Latest data available. Based on surveys conducted every three years.

Source: Survey of Consumer Finances, Board of Governors of the Federal Reserve System.