Americans are racking up more and more credit card debt. Collectively, consumers owe a record $1.21 trillion on their credit cards, the Federal Reserve Bank of New York recently reported.

An unsettling trend Surging inflation and costs have pushed many consumers deeper into credit card debt. In Q4 2024, the average credit card borrower owed $6,580, up from $6,360 a year before.

Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve ...

Credit card balances for Americans now stand at $1.18 trillion, while total household debt increased by $167 billion to reach $18.20 trillion in the first quarter.

American consumer debt hit $18.2 trillion in the Q1 2025, according to the Federal Reserve Bank of New York While credit card and auto loan balances are both declining, student loan debt and ...

A new survey finds 23% of credit card debtors believe they’ll never be debt-free, with most citing emergency expenses and everyday costs as the main cause.

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.

CHICAGO (WLS) -- Credit card interest rates are near record highs and now a new Bankrate survey finds nearly one in four Americans with credit card debt believe they'll never pay it off. And about ...

Having your debt forgiven could provide you with serious relief, but you'll need to know which types of debts will qualify. Getty Images Americans are carrying a lot of debt right now — and for ...