Debt Management

Consumer Debt

The typical U.S. household carries $9,200 in credit card debt, according to CardWeb.com, shelling out $1,100 each year in interest and fees;

According to the US Federal Reserve, debt levels of U.S. households increased at a 9.1% annual rate in the third quarter 2004 to $9.95 trillion;

Also according to the Federal Reserve, total U.S. debt increased at a 7.4% annual rate to $23.6 trillion