- Credit card debt hit a record $1.21 trillion — Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. https://www.cnbc.com/2025/02/13/credit-card-debt-hits-record-1point21-trillion-new-york-fed-report-finds.html 11 comments economics
- US credit card debt hit a record high as inflation leaves consumers financially stressed. In the last quarter of 2022, credit card balances increased by $61 billion to $986 billion, a record high according to the New York Federal Reserve Bank's Quarterly Report on Household Debt released on Thurs https://www.usatoday.com/story/money/economy/2023/02/16/credit-card-debt-record-high-and-delinquencies-rising/11271305002/ 7 comments business