(New York, NY) – If you’re putting more things on a credit card, you aren’t alone. Inflation’s taking its toll on many American households, forcing more people to use credit cards more often. And that’s caused the nation’s outstanding credit card debt to rise to nearly one-point-three trillion dollars. The Federal Reserve Bank of New York says that’s a new record. It found delinquencies rose sharply from 2022 to 2024, but late payments improved a bit from last year.
Also hitting a new high: overall household debt, which includes not just credit cards, but also mortgages and auto loans. It jumped to nineteen-point-one trillion
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