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 Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE South Korea's Reserve Bank Holds Back Amid Global Rush READ MORE Mortgage Markets Shudder as Interest Rates Soar Past 7% READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE Core PCE Index Slows to Six-Month Low, Balancing Inflation and Growth Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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