Credit card debt hit $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.

Topics

Credit card debt hits a new record high: 3 ways to tackle yours now

Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.
CBS News - 33m
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.
CNBC - 4h
RFK Jr. has questioned rising autism rates. Here's why experts say he's wrong

Robert F. Kennedy Jr. has questioned why autism rates have been rising over the last several years. Experts say he's missing nuance in these conversations.
ABC News - 6h
Americans' credit card debt reaches new record high: 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.
ABC News - 6h
3 simple ways to take control of your credit card debt this February

Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.
CBS News - 2d
You only need 2 or 3 cards to maximize rewards, says credit expert—here's how to choose

The key to building a credit card strategy is to tailor your card usage to how you already spend, experts say.
CNBC - 2d
Gold could hit $3,000 soon and $4,000 in 2026, this market pro says. Here’s why.

Yardeni: Inflation, tariffs, plus countries accumulating gold as a haven from U.S. sanctions.
MarketWatch - 3d
RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.
CNBC - 6d
How to Pay Off Credit Card Debt

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.
The New York Times - 6d

Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.

Topics

Related

Credit card debt hits a new record high: 3 ways to tackle yours now

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

RFK Jr. has questioned rising autism rates. Here's why experts say he's wrong

Americans' credit card debt reaches new record high: Federal Reserve

3 simple ways to take control of your credit card debt this February

You only need 2 or 3 cards to maximize rewards, says credit expert—here's how to choose

Gold could hit $3,000 soon and $4,000 in 2026, this market pro says. Here’s why.

RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

How to Pay Off Credit Card Debt

More from NBC News

DOGE software approval alarms Labor Department employees

Trump hosts press conference with India PM Narendra Modi

Ukraine's Zelenskyy has a very bad week thanks to Trump and Putin. Here's why.

Grocery stores are rationing eggs as supply falls and prices rise

Seniors in an affluent Southern community have had it with 'doggone' crypto scammers

More in Top stories

Trump 2nd term live updates: Trump begins mass layoffs across agencies, sources say

LIVE: ABC News Live

Dozens injured in German car attack ahead of JD Vance visit

Judge Temporarily Stops Trump’s Plan to End Funds for Trans Youths’ Health Providers

Danielle Sassoon and Other Officials Resign After Order to Drop Eric Adams Case