>>Americans' Credit Card Debt Reaches New Record High
(New York, NY) -- Americans' credit card debt has reached a record high of one-point-21 trillion. That's according to a report released by the Federal Reserve Bank of New York on Thursday. The increase is part of a broader rise in household debt, which now totals over 18 trillion dollars over credit cards, mortgages, auto loans, and student loans. In the last quarter of 2024, overall debt grew by 93-billion-dollars, with about half of that increase attributed to new credit card debt.