The creators of the infographic recognize the value of putting your own debt situation in context and being aware of the bigger picture. To get an understanding of what changes in the American economy since 2010 might mean for credit card debt, consider the statistics illustrated in the infographic. The infographic shows how American credit card debt has changed in the last 5 years.
Credit card debt began to decrease as the nation recovered from the Great Recession, which officially ended in 2009. In the second quarter of 2010, the charge-off rate was slightly over 10%.
Later on, the biggest yearly increase in debt was between January 2014 and January 2015. Learn more about the American economy since 2010 in the terms of credit card debt.
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