Household debt reached a record high in July as balances on credit cards, auto loans, and other credit continued to mount.

The total credit card debt nationwide hit a record $1.14 trillion in the second quarter of 2024, according to the report — up by about $27 billion compared to just one year ago. That represents ...

Americans now owe a record $1.14 trillion in credit card debt, according to the New York Fed. Consumer Investigator Rachel ...

The increase puts Americans' credit card debt at a record $1.14 trillion. And it's not just the high amount that Americans collectively owe; it's also getting harder for consumers to pay their ...

A new report reveals Americans now have a whopping $1.14 trillion in credit card debt, which is a 5.8% increase from just a year ago ...

As of June 2024, the personal savings rate was 3.4% and real disposable personal income per capita was 0.51%, according to U.S. Bureau of Economic Analysis data. Household debt increased by $109 ...

MMI is a nonprofit organization that provides free financial counseling and debt management services. They work directly with credit card companies to negotiate lower interest rates and consolidate ...

according to the latest Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit. Credit card balances increased by $27 billion to a record $1.14 trillion in the second ...