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The average US household has $15k in credit card debt. A mortgage can be a sound investment, but paying over 10% APR on credit card debt is almost always a bad
by chrisBob 12y ago
The average US household has $15k in credit card debt. A mortgage can be a sound investment, but paying over 10% APR on credit card debt is almost always a bad decision.
http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/ http://www.nerdwallet.com/blog/credit-card-data/average-cred...
- seanflyon 12y agoIt's still terrifying, but according to your link $15k is the average indebted household credit card debt. The average credit card debt is about half that because only half of households have any credit card debt.