Americans' credit card debt has reached a record high of $1.21 trillion, according to a report released by the Federal Reserve Bank of New York on Thursday (February 13). This increase is part of ...

In the fourth quarter of 2024, U.S. credit card balances rose by $45 billion, reaching the $1.21 trillion mark — the highest ...

Consumer credit-card debt in the United States has risen along with soaring inflation and interest rates, prompting some ...

Nearly half of Americans are carrying credit card debt, according to a recent Bankrate survey, and with interest rates ...

Americans are drowning in debt — to the tune of a record-breaking ... the U.S. is at an all-time high, hitting $18 trillion in the fourth quarter of 2024. Credit card debt is more common than ...

Despite record-high annual ... consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew 8.6% to reach $1. ...

More people are making only minimum payments and falling behind on their credit-card bills A record-breaking share ... topping a new high set one quarter earlier. The data, in a Federal Reserve ...

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 ... and former Toys"R"Us and Target executive ...

as the global public debt ratio jumped to a record 99 percent of GDP. Private debt from non-financial corporations and households also reached new highs. Debt increases are particularly striking ...

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 ... reasons why 82% of US adults use credit ...