Americans' credit card debt hits $1.26T
Credit card debts in the United States rose to a record high of $1.263 trillion by the end of the second quarter of 2026, approaching the previous peak of $1.277 trillion recorded at the end of 2025. Despite a decrease of $13 billion in total American household debt during the quarter, credit card debt increased by $21 billion, reflecting ongoing reliance on consumer credit. The interest rate on credit card accounts stood at 22.15%, while the delinquency rate on credit cards reached 12.8%. Although the relative rate of delinquency remained stable, the number of late payments continued to rise.
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