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Outstanding credit balances hit $1.03 trillion in the second quarter, according to new data released Tuesday from the Federal Reserve Bank of New York, up 4.6% from $986 billion in the first ...
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the ...
Credit card debt hit $1 trillion for the first time on record, according to new data, a troubling development as interest rates and delinquencies also rise. Total balances on credit cards and ...
The New York Federal Reserve Bank's Quarterly Report on Household Debt and Credit, ... smashing a previous high of $1.13 trillion, ... credit card debt has exploded. From 2021 to the end of 2023 ...
Outstanding credit card balances topped $1 trillion this year for the first time ever, with borrowers undeterred by interest rates that are at their highest level in nearly 40 years.
Credit card balances dipped (as they typically do post-holidays) by $14 billion to $1.12 trillion. However, when adjusting for inflation, balances have yet to surpass the levels seen in 2008.
In spite of record-high credit card debt of more than $1 trillion, many Americans are taking steps to reduce their debt.A recent GOBankingRates study showed that consumer debt decreased in 32 ...
Credit card balances stood at $1.13 trillion. TransUnion reported that the average debt per borrower was $6,360 as of Q3 2023. If you owe a lot of money on multiple credit cards and loans, debt ...