credit card debt, Americans

Americans' credit card and household debt reach all-time high
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.
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
A third of Americans have more credit card debt than emergency savings, poll finds
Higher credit card debt could be a sign of consumer confidence. But tariffs from the Trump administration could further inflate prices.
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
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. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Why transferring credit card debt won’t pay it off
Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, a report shows.
New report finds high percentage of Americans have more credit card debt than emergency savings
Bankrate Chief Financial Analyst Greg McBride says “more and more households [are] relying on credit to bridge that gap where the income stops but the expenses keep going.”
Would you date someone with credit card debt? Here's what Americans say
A new survey reveals how Americans view credit card debt in relationships, with some saying it's a dealbreaker and others setting financial limits.
Americans face uphill battle when it comes to managing rising debt
A new report by the Federal Reserve Bank of New York shows all major loan categories are on the rise, with credit card balances topping $1.2 trillion-dollars.
American credit card debt pushes to new record high once again
Following the trend of the last several months, Americans’ household debt has increased once again to new record highs, according to the Federal Reserve Bank of New York.
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
Americans are finding it harder and harder to pay off their debt
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the ...
Nearly every retirement-age American is in debt. How it happened, and how to cut costs.
That old adage, ‘Retire without debt,’ may be going the way of the electric typewriter. Nearly every retirement-age American has debt.
Americans have always sought debt relief after the holidays. Now their struggle is year-round.
Unaffordable car loans and ballooning credit card debt are leading more people to seek debt relief year-round, not just after ...