Credit Card Debt Hit $1.28 Trillion as Americans Save Less Despite Higher Incomes

24/7 Wall St.·May 6

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Credit card debt in the US has reached a record high of $1.28 trillion, with the average american carrying a significant amount of debt. This increase in debt has occurred despite higher incomes, and it is also part of a larger trend of rising household debt. The situation has prompted concerns and advice on how to manage and pay off debt.

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Credit Card Debt Hit $1.28 Trillion as Americans Save Less Despite Higher Incomes

Full coverage

The Average American Carries $7,886 in Credit Card Debt. Here’s What It Costs Every Month.

Credit card debt can derail money goals: How to get on track

U.S. credit card debt hits a record $1.28 trillion. 10 pros tell us how to get yourself out of credit card debt

The Average American Carries $7,886 in Credit Card Debt. Here's What It Costs Every Month.

U.S. credit card debt hits record high of $1.28 trillion

Household Debt Stands at a Historic High

US credit card debt hits record high as household borrowing climbs

How To Save When You're Also Paying Off Debt