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 Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE STAGFLATION & The Longest Yield Curve Inversion in History READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part 2) READ MORE Add a Comment Cancel replyYour email address will not be published.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