Credit Card Debt Hits Record $1.4 Trillion

• September 12, 2024

The latest data from the Federal Reserve Bank of New York shows credit card debt increased by $27 billion in the second quarter of this year, up 5.8%. The increase puts Americans’ credit card debt at a record $1.14 trillion.

Source: https://www.creditandcollectionnews.com/credit-card-debt-just-hit-a-record-1-14-trillion/