Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.

Consumers are on track to set a spending record this month, according to forecasts. Already, 36% of Americans went into debt this season, one recent report found. Leaning on credit cards to purchase ...

A $20,000 credit card debt may be more common than you think — but that doesn't make it any less urgent.

Americans' household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according to a report by the Federal Reserve Bank of New York. The report showed ...

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Wed, May 21, 2025 at 7:01 PM UTC Many Americans struggle with credit card debt. Nearly half of American cardholders (48 percent) carry a balance from month to month, according to the latest Bankrate ...

Farmington Hiills-based GreenPath Financial Wellness sees many consumers who turned to credit cards to make ends meet once prices shot up.

According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.

Susan Cannon, 73, owes nearly $40,000 across 19 credit cards. High interest rates are preventing her from retiring.