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Credit card debt is at an all-time high, study shows
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Credit card debt is at an all-time high, study shows

  • Mar 10, 2023
  • Mar 10, 2023 Updated May 17, 2023
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According to the most recent quarterly TransUnion report, credit card debt in America hit a record $930.6 billion by the end of 2022.

As featured on

Credit card debt is at record high as Fed raises rates again

Credit card debt is at record high as Fed raises rates again

As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month.

How doing the bare minimum with debt is costing you

How doing the bare minimum with debt is costing you

When you’re carrying a credit card balance, paying at least the minimum due each month is certainly a start. If those payments aren’t making your overall budget feel squeezed, you have all the more reason to put payments on autopilot and not think about the total cost of your debt.

Credit card debt is rising rapidly. Here's how to manage it

Credit card debt is rising rapidly. Here's how to manage it

The recent rise in credit card debt is unprecedented. Between December 2021 and December 2022, total balances jumped by $130 billion, the largest annual increase the Federal Reserve had ever seen.

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