US credit card debt hits record $1.17 trillion

Credit card debt surges to another record high, New York Fed data shows
U.S. consumers have more credit card debt than ever before, hitting a fresh record $1.17 trillion last quarter, according to New York Federal Reserve data.
Credit card debt hits record $1.17 trillion, New York Fed research shows
Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the most recent quarter, suggesting that "rising debt burdens ...
Gen X is most likely to carry credit card debt, but Gen Z feels the most burdened by it
A new report shows debt burdens are high, but Gen Z remains optimistic about their financial future. It may not feel like it to some, but generational mobility is still alive and well in the United States, according to a new report from H&R Block.
Credit card debt among retirees jumps — ‘It's alarming,' researcher says
There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.
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Here's what information appears on your credit report
The next time you apply for a credit card, loan or mortgage, the lender will likely request access to your credit report. The information listed on your credit report summarizes how you ...
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Credit-Card Balances Rose More Slowly Than a Year Ago
Americans’ credit-card balances continued to grow in the third quarter, but at a slower pace, according to a new report. The average balance that people carry on their credit cards rose 6.5% ...
Why is good credit so important?
A good credit score is important for getting access to loans, rental options and even job opportunities. Good credit can lead ...