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The most recent data from the Federal Reserve reveals that credit card debt sits at $1.14 trillion—yes, that’s trillion with a “t”—in Q2 2024.
According to the survey, most Americans who currently have revolving credit card debt (89%) are trying to pay it off over the next year, but 50% say the rising cost of goods could affect their...
Credit Card Debt Statistics At the end of 2023, the average credit card debt per borrower was $6,360, or about 10% higher than the year before—ushering in an all-time high. [1]
Americans’ credit card debt is $215 billion higher than the record set in the fourth quarter of 2019, when balances stood at $927 billion. However, thanks to record interest rates, stubborn inflation and myriad other economic factors, credit card balances are likely only going to climb.
Credit card debt in the United States has been growing at a fast pace between 2021 and 2023. In the fourth quarter of 2023, the overall amount of credit card debt reached its highest...
Record credit card debt: U.S. consumers owe a record $1.142 trillion on credit cards as of Q2 2024. Average debt rising: The average American credit card debt is $6,501 in 2023, up 10% from...
U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released Tuesday by the Federal Reserve Bank of New York show. That's $27 billion more than the $1.13...
Credit card debt, the amount owed by all Americans on their credit cards, rose to a record $1.13 trillion at the end of last year, the Federal Reserve Bank of New York reported Tuesday. Card...
Credit car d debt at the end of 2022 surpassed $1 trillion for the first time in our data, but total outstandings remain below pre -pandemic levels when adjusted for inflation.
US Credit Card Debt is at a current level of 1.142T, up from 1.115T last quarter and up from 1.031T one year ago. This is a change of 2.42% from last quarter and 10.77% from one year ago.