Credit card debt hits $1.28 trillion after $44B surge and it’s getting worse

Americans are carrying more credit card debt than ever. Balances hit $1. 28 trillion by the end of last year’s fourth quarter, a $44 billion jump in three months, according to data the Federal Reserve Bank of New York released Tuesday. The year-over-year number looks worse. Balances climbed 5. 5% compared to the same period in 2024. […] source: https://www.cryptopolitan.com/credit-card-debt-hits-1-28-trillion-after-44b-surge-and-its-getting-worse/