Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • lackthought@lemmy.sdf.org
    9·
    1 year ago

    and there are people like me who buy everything with a credit card but pay off the entire balance each month

    even though I technically have a credit card balance it gets reset every month and I never pay interest or late fees so the numbers don’t tell the whole story

    but I’m sure there are an alarmingly large number of people who actually are buried in debt, especially with rent and other costs rising so it won’t be pretty when things reach a tipping point (probably already have…)