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 ...

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

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

The math backs her up. If you have an average credit card balance of around $6,600, a 20% interest rate and only make the ...

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

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 ...

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. ...

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 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 ...