Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve ...

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

The percentage of credit card accounts that were at least 90 days past due hit a 12-year high in the fourth quarter of 2024. According to data from the Federal Reserve Bank of Philadelphia, 0.90% ...

Total credit card debt rose to $1.17 trillion during the third quarter, an increase of $24 billion from the previous quarter, according to the report. It marks the highest level on record in Fed ...

Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says By Jessica Dickler, CNBC • Published February 13, 2025 • Updated on February 13, 2025 at ...

Credit card balances rose in the fourth quarter of 2024, ... Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says ... Create profile / Log in.

Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.

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.

Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season.

Americans' total credit card balances now stand at a record-high $1.21 trillion, the report said.

Credit card balances jumped by $45 billion in the fourth quarter of 2024, ... Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says.

Heading into the holidays, many Americans were already saddled with record-breaking credit card debt. And yet, consumer spending is set to reach a fresh high this season.