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 From Luxuries to Groceries: The Evolving Landscape of BuyNow, Pay Later READ MORE Cash's Comeback: Investors and Corporates Bet Big Despite Rate Cut Delays READ MORE Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path Forward READ MORE Injecting New Life into the World’s Deepest Mine READ MORE Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months READ MORE Add a Comment Cancel replyYour email address will not be published.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
