Americans face record credit card debt amid rising inflation
Americans face record credit card debt amid rising inflation
- Total household debt in the US reached $18.8 trillion in early 2026, driven by auto loans and mortgages.
- Credit card debt stood at $1.35 trillion, averaging $11,000 per household, with rising delinquency rates.
- Affluent cities show higher credit card debt levels, indicating greater borrowing capacity rather than financial distress.
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