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 ...

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 ...

In the newly released "The Long-Term Budget Outlook: 2025 to 2055," the CBO said the debt held by the public, boosted by large deficits, reaches its highest level ever in 2029 and then continues ...