🔻Americans have $1.14 trillion in credit card debt🔻

According to the Federal Reserve Bank of New York, Americans' credit card debt totals $1.14 trillion. In the second quarter of 2024, the total debt was $27 billion less.

Total consumer debt is $17.8 trillion - this includes not only credit card debt, but also mortgages, student debt, auto loans, and so on.

By the way, mortgage and auto loan debt grew by $77 billion and $10 billion, respectively. Mortgage debt, the primary debt owed by consumers, is $12.5 trillion and auto loan debt is $1.6 trillion.

The only debt that decreased was student debt. It decreased by $10 billion during the quarter and now stands at $1.58 trillion.

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