In the third quarter ending on Sept. 30, U.S. credit card debt rose by $22 billion to a record high of $1.29 trillion, according to a Nov. 10 report by the Federal Reserve Bank of New York. The average cardholder has a credit card balance of $6,678, up 2.4% from the same period last year, according to a Nov. 5 report by TransUnion. The average interest rate on a new credit card offer is about 24%, according to LendingTree. The Fed also reported that household debt, including mortgages, auto loans, and student loans, grew by $334 billion to a record $19.1 trillion.
U.S. and Canada Public
U.S. Credit Card Debt Hits Record $1.29 Trillion
About the author
Latest articles
Related coverage
-
U.S. and Canada
Fight Grows in Congress Against U.S.-Israel Military Merger
-
Collapsing Imperial System Paid
Beastman Rubio Says No War, Only Economic Pain for Iran
-
Collapsing Imperial System Paid
Building Collapse in Brooklyn Points to Fragility of US Infrastructure
-
U.S. and Canada
The Sudden Passing of the Russian Ambassador to the United States
