Back

U.S. Credit Card Debt Reaches Record $1.25 Trillion

Outstanding credit card balances in the United States have nearly doubled since 2013, rising from about $660 billion to a record $1.25 trillion.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Outstanding Credit Card Balances: The total amount of money owed by consumers on credit cards that has not yet been repaid.