U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals In the last quarter 2023, credit card debt in the U.S. hit a new high, reaching $1.13 trillion. This marks a $50 billion increase, or 4.6%, from the third quarter, as reported by the New York Federal Reserve Bank’s quarterly analysis on household debt and credit. Not only did credit card balances spike, but overall household debt also went up by 1.2%, totaling $17.5 trillion. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Geopolitical Tensions, Not Interest Rates, Now Seen as Main Risk to U.S. Economy READ MORE August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs READ MORE Housing Market Relief on the Horizon? Fed Study Predicts Inflation Slowdown READ MORE NYCB Sheds Mortgage Servicing Arm in $1.4B Deal with Mr. Cooper READ MORE Gold Retreats as Dollar Gains Strength; Investors Eye Nvidia and U.S. Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment