Americans are continuing to make healthy progress when it comes to paying down their credit card debts.In its monthly report, the Fed announced that the nation’s concatenated revolving debt, which includes credit cards, fell by a 6.8 %  margin, while non-revolving debt was down 3.8 % . Total debt fell 4.9 %  during the month of June.

All of these figures marked a slight improvement over the figures that were recorded for May, although they were nowhere near the 8.2 %  overall debt reduction recorded in April. Overall, consumer debt has been falling steadily since the fourth quarter of 2008.

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