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Business & Finance

US credit card debt climbs to $1.26tn, nearing last year’s record high

The Guardian World Wednesday 12 August 2026, 14:58 UTC By Coral Murphy Marcos 1 min read
Key Points

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.

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.

That figure is just shy of last year’s record high of $1.28tn.

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US (LOCATION) Fed (ORG) the United States (LOCATION) the Federal Reserve Bank of New York (ORG)
Originally published by The Guardian World Read original →

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