#NewsAboutCryptoOfThisYear
Americans' Credit Card Debt Hits New Record at $1.17 Trillion Credit card debt in the U.S. hit a record $1.17 trillion in the third quarter, increasing by $24 billion from the previous quarter, according to the New York Fed. While incomes are growing faster than debt, and delinquency rates dropped slightly from 9.1% to 8.8%, the data reveals deeper concerns.
Many families remain financially strained despite timely payments, as long-term debt servicing can hinder their ability to achieve other financial goals.