Credit card debt tops $1.28 trillion — consistent with ‘K-shaped’ economic divide, New York Fed research shows

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

Americans owe more than a trillion dollars in credit card debt — Here’s how each age group compares

Credit card debt reached an all-time high of $1.2 trillion by the end of 2024, according to data from the Federal Reserve Bank of New York. On Wednesday, the Federal Reserve announced it was lowering ...
MoneyLion on MSN

5 reasons credit card debt is increasing — and what to do about it

Why is credit card debt growing and what can consumers do about it? Based on an Achieve survey, here are five reasons why credit card debt is increasing.
NPR

Debunking 3 common myths about credit card debt

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.

When retirement is 19 credit cards and $40,000 in debt away

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