Credit card debt reached an all-time high of $1.2 trillion by the end of 2024, according to data from the Federal Reserve Bank of New York. On Wednesday, the Federal Reserve announced it was lowering ...

Even households long considered financially secure are feeling the pressure.

At first glance, credit card debt numbers in the United States look enormous. Consumers owe an astounding $1.233 trillion on their credit cards, according to the Federal Reserve, and the average ...

Americans' debt loads are at record highs, resurfacing a decadeslong debate on how to prevent companies from maximizing ...

Many Americans with credit card debt, especially high earners, lie about the amount they owe. The average credit card debt is $7,321 with an average interest rate of 21.4%, contributing to a national ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.

Credit card debt is an embarrassment to many Americans. It is especially embarrassing, apparently, to people who earn a lot.

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. When credit card bills pile up and ...