US credit card debt climbs to $1.26tn, nearing last year’s record high
Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed reportCredit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June…
By · August 12, 2026 · 1 min read
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The Guardian World
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Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed report
Credit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June compared with the same period last year, according to a report by the Federal Reserve Bank of New York.
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