Americans owe a record $1.21 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024,

Credit-card debt in the U.S. hit another record after an unusually-high increase following the holidays. Debt from credit cards reached $1.21 trillion i

Following the trend of the last several months, Americans’ household debt has increased once again to new record highs, according to the Federal Reserve Bank of New York.