Credit Card Debt, American

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.
Americans Now Hold a Record $1.2 Trillion in Credit Card Debt
The good news: Americans took on less credit card debt in the quarter with balances rising by $45 billion, which compares to a $50 billion increase in the fourth quarter of 2023. Credit card balances will likely decrease again in the first quarter of 2025, based on seasonal post-holiday trends.
Credit Card Debt Surpasses Emergency Savings for Many Americans Says Bankrate Survey
Only slightly more than half of Americans have more emergency savings than credit card debt A Bankrate survey shows that only slightly more than half of Americans have more emergency savings than credit card debt.
America's Credit Card Debt Hits $1.2 Trillion
High interest rates, stubborn inflation and continued consumer spending are among the factors that have lifted collective credit card debt to an all-time high of $1.21 trillion, a
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 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.
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.
How Americans Will Prioritize Their Finances in 2025: Spending, Saving And The Debt Dilemma
The financial landscape in 2025 is shaping up to be anything but predictable. With shifting economic policies, lingering ...
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The No Buy 2025 Trend Could Force Card Issuers to Shift Strategies in the Name of Protecting Revenue
The trend could enable cardholders to pay down credit card balances, which have risen in recent years. Merchants and credit ...
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7 insights from 2024's credit card debt trends to help you in 2025 | PennyWise podcast
In this episode of PennyWise, host Nat Cardona welcomes NerdWallet's Sarah Rathner to discuss the findings from the 2024 American Household Credit Card Debt Status Study. As we transition into ...
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 ...