 TITLE: COVID-19: Consumers Reduce Overall Debt During Pandemic CONTENT: Average Credit Card Debt Falls in All States\n--------------------------------------------\nConsumers in the U.S. decreased their card balances by 14% from May 2020 to January 2020. The reduction accounted for most of the change in overall debt and is significantly larger than the reduction seen during the same period in 2019, when credit card balances shrank by less than 3%. Nationally, the average credit card balance has dropped from $6,193 to $5,338 since January.\nUnlike total debt balances, which increased in some states, average credit card debt decreased in all 50 states and the District of Columbia, since the beginning of the year. Delaware saw the lowest rate of change, but still recorded a 5% decrease in the five-month period. The largest decrease occurred in Wyoming, where consumers shrank their credit card balances by 24%.\nSource: Experian END