credit card debt, Americans

Americans' average credit card balance hits $6,580, but there are signs consumers are managing their debt relatively well
Although Americans are racking up more credit card debt, there are signs households are managing their debt better than they had been before.
Carded: Many Americans struggle with credit card debt
Got credit card debt? There are several ways to approach paying it off. Consumer Investigator Rachel DePompa talks to NerdWallet about different debt repayment strategies.
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.
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
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 jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
One-third of Americans have more credit card debt than emergency savings: Survey
A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings. That number is down from 36 percent in 2024 and 2023.
‘Bidenomics’: Americans Racked Up Record Credit Card Debt Since 2023
According to the Fed bank’s report, over 10% of all credit card debt in the United States and nearly 5% of all mortgage debt are seriously delinquent. Additionally, approximately 3.6% of all American debt is overdue, which includes both debts that are less than 90 days overdue and those that are more than 90 days overdue.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
Why transferring credit card debt won’t pay it off
Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, a report shows.
A third of Americans have more credit card debt than emergency savings, poll finds
Higher credit card debt could be a sign of consumer confidence. But tariffs from the Trump administration could further inflate prices.
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.
The Motley Fool2d
Average American Household Debt in 2025: Facts and Figures
Despite debt increasing overall, Americans are still spending less of their income on debt than in most of the 2000s. A revolving credit card balance is one that persists between payments -- ...
USA Today5d
Nearly every retirement-age American is in debt. How it happened, and how to cut costs.
Here are the 10 metro areas where older Americans carry the most non-mortgage debt: Other recent reports suggest that a historically large share of retirees carry debt, especially credit ...