Americans defaulted on $59 billion in credit card debt and took on an additional $74 billion in credit card debt.

credit card debt numbers in the United States look enormous. Consumers owe a record $1.211 trillion on their credit cards, and the average American credit card debt balance is $6,380. We've ...

Americans' household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according to a report by the Federal Reserve Bank of New York. The report ...

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 ...

Americans are opening credit cards and racking up larger balances, pushing the country’s credit card debt to a new record high. High interest rates, stubborn inflation and continued consumer ...

90% of American adults had a debit card and 82% had a credit card in 2023, according to the Federal Reserve Bank of Atlanta. Worldwide, nearly 1.3 billion Visa credit cards are in circulation ...

Credit card balances now stand at a record-high $1.21 trillion. Americans' household debt -- including credit cards, mortgages, auto loans and student loans -- is at a new all-time high of $18.04 ...

The findings highlight financial challenges facing older adults, many of whom are dealing with rising costs of living, ...

An alarming share of older adults use credit cards to cover basic living expenses, AARP reports in a new survey.