Finance and Economy

How much credit card debt do Americans hold?

By Lily Larsen
Published October 12, 2023 8:23pm ET
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How much credit card debt do Americans hold?
Americans’ total credit card balance rose $45 billion in the second quarter, reaching $1 trillion for the first time ever in 2023, according to Q2 data from the New York Federal Reserve. This made the yearly average U.S. household $7,951 in credit card debt. HIGHER SHELTER AND ENERGY PRICES PROPPED UP INFLATION AT 3.7% IN […]

Americans’ total credit card balance rose $45 billion in the second quarter, reaching $1 trillion for the first time ever in 2023, according to Q2 data from the New York Federal Reserve.

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