Americans have record credit card debt Americans’ credit card balances have reached a new high of $1.08 trillion, marking a 5% spike in debt in the third quarter of this year.

Millennials, individuals born between 1981 and 1996, saw the second-highest increase in credit card debt between April and June at 2.55%, with an average debt of $6,959, according to Credit Karma.

Credit card debt in the U.S. has hit $1 trillion for the first time on record. The Federal Reserve Bank of St. Louis reported more than $1 trillion in total balances on credit cards and other ...

Since 2021, the proportion of people with retail credit card debt that file for bankruptcy has been rising at a faster rate than new filings overall, according to proprietary data and analytics ...