Credit card debt averages can be deceiving.

Many Americans may be dealing with some level of debt, and this could be focused on their credit cards. While many consumers may read about the average level of credit card debt in a multitude of reports, it is possible they may not find the same figures anywhere, which make them feel confused about debt levels.

According to, average debt can range from as little as $1,000 or higher than $8,000, depending on which report is viewed. This is due to many reports using just as many different methods of reporting.

“You think these things are simple, but they’re more subtle and complex than you imagine,” Ezra Becker, vice president of research and consulting at TransUnion’s financial services unit, told the news source “There are people out there that might not use their card. I’m diluting that average balance by including a bunch of zeros.”

Regardless, many consumers may need to find ways to pay down their debt, no matter if they are close to an average in a given report or not. Even with this in mind, many consumers are still worried about their overall money situation, and if they have the right financial strategy in place.

Consumers were feeling slightly less financially secure in June than at the end of last year, according to a report from Country Financial. The firm’s Financial Security Index fell to 65.9, which was 0.4 points lower than in December, when it was 66.3.

Despite this, there were still some positives in the report. Close to half of those consumers polled noted they were able to save some money in the past 16 months, the report added.

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