06/04/2026
U.S. credit card debt has reached a record high, surpassing $1.25 trillion ๐ณ๐
According to data from the Federal Reserve Bank of New York, more Americans are falling behind on their payments, with delinquency rates climbing to levels not seen since the years following the 2008 financial crisis.
For many households, credit cards have become a way to bridge the gap between income and everyday expenses.
The concern isn't just the amount of debt โ it's the growing number of borrowers struggling to keep up with payments as borrowing costs remain elevated.
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