U.S. credit card balances hit record high of $1.29 trillion
- 1Total credit card balances reached a record high of $1.29 trillion in the third quarter.
- 2Credit card balances showed a 4.2% increase compared to the same period last year.
- 3Total household debt rose to $19.1 trillion as total household debt increased by $334 billion during the July-September period.
So what's the key point?
U.S. credit card usage reached a record high of $1.29 trillion. This means that debt has increased as household debt grows.
Source CNBC +1 · View original ↗
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