Credit card debt hits record high

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
New report finds high percentage of Americans have more credit card debt than emergency savings
Bankrate Chief Financial Analyst Greg McBride says “more and more households [are] relying on credit to bridge that gap where the income stops but the expenses keep going.”
3 things to say (and 3 not to) when asking for credit card debt forgiveness
Here are three key things to say when attempting to settle your debt: "I want to take responsibility for this debt an
A third of Americans have more credit card debt than emergency savings, poll finds
Higher credit card debt could be a sign of consumer confidence. But tariffs from the Trump administration could further inflate prices.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
1 in 10 Americans would not date someone with credit card debt, survey finds | What's the Deal?
On the flip side, Sara Rathner, with NerdWallet, said 90% of Americans do not consider credit card debt to be a deal-breaker.
Credit-card debt hit record $1.21 trillion after unusual holiday unptick in 2024
Credit-card debt in the U.S. hit another record after an unusually-high increase following the holidays. Debt from credit cards reached $1.21 trillion i
Credit card debt hits record high, but help is available | What you need to know
A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help.
One-third of Americans have more credit card debt than emergency savings: Survey
A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings. That number is down from 36 percent in 2024 and 2023.
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
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Americans are piling on debt at a furious pace, as tariffs loom
Americans kept piling on debt during the holiday season, opening up a large number of new credit cards and stalling — at ...
US Consumer Debt Delinquency Hits Highest in Almost Five Years
The share of outstanding US consumer debt that’s in delinquency rose in the fourth quarter to the highest in almost five ...
Being mortgage-free has transformed my life. I travel more, enjoy my work, and axed my credit debt.
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