Key Takeaway
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 compared with the same period last year, according to a report by the Federal Reserve Bank of New York.
Published August 12, 2026 · Category: News
Overview
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.
Details
That figure is just shy of last year’s record high of $1.28tn.
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Source
Originally published at www.theguardian.com.
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What is "US credit card debt climbs to $1.26tn, nearing last year’s record high" about?+
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 compared with the same period last year, according to a report by the Federal Reserve Bank of New York.That figure is just shy of last year’s record high of $1.28tn. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.