US credit card debt hits record $1.17 trillion

This Week In Credit Card News: Credit Card Debt Surges To A Record High
Credit Card Users Are Still Paying Off Last Year’s Holiday Debt Americans tend to overspend during the holiday season. In fact, some borrowers are still paying off debt from last year’s purchases. To that point,
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.
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.
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,
Credit card debt among retirees jumps ‘substanitally’
Sixty-eight percent of retirees reported having outstanding credit card debt in 2024 compared with 40% in 2022 and 43% in 2020, according to the Employee Benefit Research Institute’s 2024 Spending in Retirement Survey.
If You’re in Credit Card Debt, Forget About Rewards
More than 1 in 5 Americans (21%) have used a credit card to earn rewards in the past 12 months despite having credit card debt, according to a NerdWallet survey.
Most retirees are now carrying credit card debt
Over half of people retiree sooner than expected, and rising costs due to inflation, along with unexpected expenses, are leading a growing proportion of retirees to turn to credit cards, EBRI found.
Got credit card debt? Don’t go into the red on Black Friday.
Before you get too excited about the holiday deals flooding your in-box, do the math. More often than not, a retailer’s discounts come with expensive caveats.
Need Credit Card Debt Relief? Debt Management Could Help
When you’re having trouble paying a credit card bill due to circumstances beyond your control, some credit card issuers may be willing to work with you through a hardship plan.
8 Ways to Use a Debt Consolidation Loan for Your Credit Card Debt
Managing credit card debt can feel overwhelming, especially when juggling multiple accounts, balances, and interest rates. Debt consolidation offers a way to simplify this burden by combining your various credit card debts into one loan,
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,
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
Corey Feldman’s Massive Credit Card Debt Exposed in Fight With Estranged Wife Courtney
Corey Feldman revealed he is struggling to pay off a mountain of unpaid taxes and credit card debt, In Touch can exclusively ...
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Financial Trump card? Nearly 60% say their debt problems influenced their vote
As household debt becomes a necessity for many and a burden for even more, researchers have found that living in the red is ...