Currently, American consumers owe 11.31 trillion U.S. Dollars in debt. The average amount of credit card debt an American adult owes is 15,266 U.S. Dollars, giving the typical family quite a large credit card bill at the end of each month. More debt accumulates when a consumer does not pay off the things they have charged on a credit card, only causing them to sink farther and farther into large amounts of debt.

The Aggregate Revolving Consumer Debt Survey is conducted each month by the Federal Reserve, and informs Americans on how much outstanding debt the country has total. In 2012, around 54 percent of Americans said that they had more money saved for emergencies than they had in credit card debt. However, credit card debt continues to be one of the largest issues U.S. citizens face to date.

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