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How many cardholders don’t pay off their balance in full? Is this a few people with big debts or many people owing a few thousand dollars? So what is the median interest-paying balance?
Related Facts
On 12.1m credit cards issued, over $20bn in balances accrues high interest as people don’t pay in full (March 2025).
May 22, 2025
Finance
Federal
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Assessment Result: Approved
Assessed by:
Kevin Moderator
Date:
May 22, 2025
About this Question
Category
Finance
Jurisdiction
Federal
Status
Published
Published
May 22, 2025
Asked by
Kevin Moderator
Software developer, Balmain
Facts Submitted
1
Question Reference ID
Q0003