Total credit-card balances increased by $46 billion, well above the previous peak seen before the 2008 financial crisis as some younger credit-card holders run into trouble
Feb. 11, 2020 12:29 pm ET
WASHINGTON—Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market. Total credit-card balances increased by $46 billion to $930 billion, well above the previous peak seen before the 2008 financial crisis, according to data released by the Federal Reserve Bank of New York on Tuesday.
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