Americans’ credit card debt reaches new record high: New York Federal Reserve
Adam Gault/Getty Images (NEW YORK) -- Americans' household debt -- including credit cards, mortgages, auto loans and student loans -- is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.Overall debt grew by $93 billion in the last three months of 2024 -- and about half of that increase was new credit card debt.Americans' total credit card balances now stand […]