Credit card debt hits record high
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
A credit card with a no-interest period can be a valuable tool for financing purchases and consolidating credit card debt. The best credit cards provide substantial savings with 0% ...
A 0% intro APR credit card can be a useful way to pay for large purchases or consolidate high-interest credit card debt, acting like a no-interest short-term loan if used responsibly.
Martin Lewis has shared his advice for credit card holders to save thousands with a simple cost-cutting switch. The money ...
These services and features can simplify group expenses and reimbursement, whether it's a restaurant check, utility bill, rent, or a trip abroad.
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