U.S. credit card debt reaches 1.26T
Americans' credit card debt increased to $1.263 trillion by the end of June 2026, edging close to the record high of $1.277 trillion set at the end of 2025. This occurred despite a decrease in total American household debt by $13 billion, bringing it down to $18.771 trillion. The percentage of credit card balances that were 90 days or more overdue stood at 12.8% in the first quarter of 2026, with the average interest rate on credit cards continuing to rise to 22.15%. Data shows that credit card debt continues to grow despite declines in some other types of debt, reflecting ongoing reliance on consumer credit.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)