Credit card debt hit a record $1.17 trillion. It’s a red flag for budgets.
Americans are putting more on plastic, a sign that household cash flow is shaky and spending is unsustainable.
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Credit card debt among retirees jumps ‘substanitally’
Sixty-eight percent of retirees reported having outstanding credit card debt in 2024 compared with 40% in 2022 and 43% in ...
Americans' $1 trillion credit-card debt problem is inching in the right direction as inflation eases
To be sure, many households are still in the red after the sharp jump in inflation rates, despite their ongoing easing. October's inflation numbers, also out Wednesday, showed a 2.6% yearly increase ...
Americans’ debt is growing — but so are incomes
Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, ...