Pretty meaningless, I am in Connecticut, and my CC balance is $5766. But the billing period ends on Dec 4, and I will pay in full on Dec 5. However, my balance is part of this average, because they have no way of knowing when I’m going to pay.
We have a lot of millionaires (and 6 billionaires) here in Connecticut, and I would imagine some of them run up pretty hefty monthly bills.
Looking at that data, everyone (on average) is in considerable debt. And, on average, everyone can pay it off quickly. Which is foolish, as I’m sure there’s way more people paying at or near the minimum payment than those who carry no balance.
Me, I pay fully each month.