Credit Card Debt at $8,550 Average: What It Means for Housing
Update: 2025-09-17
Description
Credit card debt is weighing heavily on Americans, with the average balance now at $8,550. A new study from BestMoney finds that 76% of people say their debt is mostly due to their own choices — from small impulse buys to stress-driven spending. In this episode, Kathy Fettke breaks down the survey results, the emotions fueling overspending, and what it all means for homebuyers and real estate investors.
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SOURCE: https://www.bestmoney.com/credit-cards/learn-more/psychology-of-credit-card-debt
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