U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals In the last quarter 2023, credit card debt in the U.S. hit a new high, reaching $1.13 trillion. This marks a $50 billion increase, or 4.6%, from the third quarter, as reported by the New York Federal Reserve Bank’s quarterly analysis on household debt and credit. Not only did credit card balances spike, but overall household debt also went up by 1.2%, totaling $17.5 trillion. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth READ MORE The Day the Hunt Brothers Capped the Price of Gold READ MORE Gold and Bitcoin: Vital Challengers to Fiat Currencies READ MORE Beware of Synthetic Gold! READ MORE Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
