Source: Wathiq Khuzaie / Getty Images
2006
> Total outstanding credit card debt: $905.4 billion — #10 most since 1986
> Change in outstanding credit card debt: +$65.9 billion — #5 largest increase since 1986
> Credit card charge-off: $30.3 billion — #16 most since 1986
> Net result in debt load: +$96.2 billion — #3 largest increase since 1986
Source: David Paul Morris / Getty Images
2007
> Total outstanding credit card debt: $981.6 billion — #7 most since 1986
> Change in outstanding credit card debt: +$76.2 billion — #3 largest increase since 1986
> Credit card charge-off: $36.7 billion — #11 most since 1986
> Net result in debt load: +$112.8 billion — #1 largest increase since 1986
24/7 Wall St.
Source: Spencer Platt / Getty Images
2008
> Total outstanding credit card debt: $983.9 billion — #6 most since 1986
> Change in outstanding credit card debt: +$2.3 billion — #32 largest increase since 1986
> Credit card charge-off: $53.8 billion — #3 most since 1986
> Net result in debt load: +$56.2 billion — #21 largest increase since 1986
Source: Alex Wong / Getty Images
2009
> Total outstanding credit card debt: $897.8 billion — #11 most since 1986
> Change in outstanding credit card debt: -$86.1 billion — #2 largest decrease since 1986
> Credit card charge-off: $85.3 billion — #1 most since 1986
> Net result in debt load: -$0.9 billion — #2 largest decrease since 1986
Source: Chris Graythen / Getty Images
2010
> Total outstanding credit card debt: $822.3 billion — #18 most since 1986
> Change in outstanding credit card debt: -$75.5 billion — #3 largest decrease since 1986
> Credit card charge-off: $77.8 billion — #2 most since 1986
> Net result in debt load: +$2.3 billion — #35 largest increase since 1986
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Editors' Picks
