
Bank credit card balances per U.S. household hit $4,260 at the end of 1996
according to the latest issue of Bankcard Barometer. The data are based on
total card balances of $404.7 billion and 95 million gross U.S. households.
The average household figure approaches $5,200 when spread among a total of
78 million “creditworthy” households. The states with the largest share
edged up only 10%.
LARGEST STATE STATS
State 1996 1995 CHNG PER HH
California 57.9 52.7 10% $5,567
New York 34.5 31.5 10% $5,227
Florida 28.6 25.9 10% $5,608
Texas 22.6 20.4 11% $3,767
Illinois 21.0 18.7 12% $2,958
Ohio 19.7 18.0 9% $4,925
Pennsylvania 16.4 14.5 13% $3,644
New Jersey 14.0 12.6 11% $5,000
Michigan 12.0 10.8 11% $3,529
Virginia 11.9 10.6 12% $5,174
National 404.7 360.7 12% $4,260
bank credit card receivables at year-end 1996 vs 1995 in $billions; average
receivables per household based on gross number of households. Source:
Bankcard Barometer; CardData Online