You open all these cards promising yourself, âIâll never carry a balance. Iâll pay it off in full every month, get my rewards, and stick it to the credit card man! No brainer.â Oh, how idealistic that promise was, considering that 49% of people are unable to pay off their credit card bills every month. United States Consumer Debt Breakdown: - Total credit card debt: $1 trillion - Total auto loan debt: $1.58 trillion - Total student loan debt: $1.57 trillion - Total HELOC debt: $340 billion - Total mortgage debt: $12 trillion
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