Americans' credit card debt has reached a record high of $1.21 trillion, according to a report released by the Federal Reserve Bank of New York on Thursday (February 13). This increase is part of ...

The percentage of credit card accounts that were at least 90 days past due hit a 12-year high at the end of 2024.

In the fourth quarter of 2024, U.S. credit card balances rose by $45 billion, reaching the $1.21 trillion mark — the highest ...

Consumer credit-card debt in the United States has risen along with soaring inflation and interest rates, prompting some ...

According to the central bank, more than one in 10 Americans (11.1%) paid the bare minimum monthly on their credit-card debt ...

According to the New York Fed ... 14 years in January. U.S. credit card defaults jumped to a record $46 billion from January ...

Credit card debt is at an all-time high. American consumers carry a combined balance of $1.2 trillion, according to a recent ...

According to a recent survey, 40% of Americans with credit card debt are under the impression that making minimum payments is ...

A record-breaking share of credit-card customers were paying only their minimum monthly bill at the end of last year, topping a new high set one quarter earlier. The data, in a Federal Reserve ...

as the global public debt ratio jumped to a record 99 percent of GDP. Private debt from non-financial corporations and households also reached new highs. Debt increases are particularly striking ...

In the newly released "The Long-Term Budget Outlook: 2025 to 2055," the CBO said the debt held by the public, boosted by large deficits, reaches its highest level ever in 2029 and then continues ...