Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets.

Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets. Though incomes are up, Americans are putting more on plastic and stretching to pay on time, reinforcing the precarious ... Read More

Is America’s $17 Trillion Debt Burden Crisis-Driven or Strategic?

Mortgage debt dominates, accounting for $13.13 trillion, which is approximately 74% of all consumer debt. However, according to Equifax, it’s the other $4.61 trillion in non-mortgage debt that reveals ... Read More

Record credit card debt tests the claim that America’s economy is strong

Total credit-card debt climbed to US$1.17-trillion in the third quarter, rising by US$24-billion from the previous quarter, according to a new report from the Federal Reserve Bank of New York. Read More

Credit Card Trends For 2023 - CNBC

More debt and fewer rewards: Credit card trends to watch in 2023 Analysts share their predictions on what cardholders can expect in 2023. Updated Wed, Apr 23 2025 ... Read More

Americans' credit card and household debt reach new record highs - Fox Business

Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found. Read More

Americans Now Hold a Record $1.2 Trillion in Credit Card Debt - Tacoma News Tribune

High interest rates, stubborn inflation and continued consumer spending are among the factors that have lifted collective credit card debt to an all-time high of $1.21 trillion, according to a New ... Read More

Credit card debt at record high: Holidays 2024 - Fast Company

Credit card debt is at a record high this holiday season That’s as shoppers are projected to spend up to $989 billion between November 1 and December 31, according to the National Retail Federation. Read More

Credit-card debt just hit a record high. Here's why it's not ringing recession alarms - yet - Morningstar

But overall, he added, "the economy is in really good territory." Unemployment increased to a higher-than-expected 4.3% in July, according to the latest numbers from the Department of Labor. Read More

Americans Added $36 Billion in Credit Card Debt, but There's Positive Sign for Economy - Newsweek

In a new report from WalletHub, overall credit card debt reached $1.28 trillion. But the $36 billion increase was 17 percent less than last year. Based on those numbers, each household added an ... Read More

5 Credit Card Trends to Watch for in 2025 - NerdWallet

Interest rates began to fall, but credit card APRs are still catching up: The Federal Reserve lowered interest rates three times toward the end of 2024, but it took a few months for average credit ... Read More

Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets. - MSN

All debt is a weight on your budget, but revolving credit card debt is, without a doubt, not good. The average interest rate on this type of debt is about 20 percent. Read More