America's Credit Card Hangover: Debt Hits Record $1.23 Trillion as Holiday Bills Come Due
U.S. credit card debt has surged to a record $1.23 trillion, up 60% since 2021. With APRs above 22%, millions face a challenging start to 2026.
987 articles found for "debt"
CBO's February Budget Outlook Reveals America's Federal Debt Has Crossed 100% of GDP, and the Reconciliation Law Will Push It to 120% by 2036
The CBO projects federal debt will hit 101% of GDP by the end of FY2026 and soar to 120% by 2036, with the reconciliation law adding $4.7 trillion to the national debt over the next decade.
America's $18.8 Trillion Household Debt Load Hit Its Worst Stress Point in Years — Here Is Where the Cracks Are Appearing and What It Means for Your Finances
The NY Fed's Q4 2025 Household Debt Report shows $18.8 trillion in total debt, rising delinquencies in credit cards, mortgages, and student loans. Here's what it means for your finances.
Federal Debt Will Cross 100% of GDP This Year for the First Time Since World War II, and the CBO Sees No Turning Point Before It Reaches 120%
The CBO projects federal debt held by the public will reach 101% of GDP by the end of fiscal year 2026, crossing the 100% threshold for the first time since World War II, and rising to 120% of GDP by 2036.
Buy Now, Pay Later Has Quietly Become a $70 Billion Shadow Debt Crisis That Credit Bureaus Cannot See
BNPL transaction volume has reached $70 billion annually, but 41% of users are paying late and most of the debt is invisible to credit bureaus, creating a shadow lending crisis that threatens mortgage eligibility and financial stability.
How February's Economic Data Storm Could Reprice Every Debt You Carry, From Mortgages to Credit Cards
The delayed January jobs report and CPI release this week will reshape Fed rate expectations, directly affecting what Americans pay on mortgages, credit cards, auto loans, and student debt.
Trump's 10% Credit Card Rate Cap: What the Proposal Means for Americans Drowning in $1.23 Trillion of Debt
President Trump has floated a 10% cap on credit card interest rates as Americans carry record $1.23 trillion in card debt. Here's what experts say about the proposal.
Managing Debt in 2026: Smart Strategies for Credit Cards, Student Loans, and Beyond
With credit card rates near record highs and student loan collections resuming, here's your comprehensive guide to managing debt effectively in 2026.
15.3% of Americans Now Expect to Miss Debt Payments—the Highest Level Since the Pandemic Began
The New York Fed's latest survey reveals a surge in expected debt delinquencies, with low-income households and older Americans most at risk as credit card and student loan stress mounts.
61% of Credit Card Holders Now Trapped in Debt for Over a Year, Bankrate Study Finds
New research reveals a growing crisis of persistent credit card debt, with three in five cardholders carrying balances for at least 12 months as day-to-day expenses become the primary driver.
The BNPL Time Bomb: How Buy Now Pay Later Is Reshaping American Consumer Debt
Buy Now Pay Later services have created billions in 'phantom debt' that traditional credit systems can't see. Here's why regulators are increasingly concerned.
America's $38 Trillion Warning: Why Janet Yellen Says the Debt Is Nearing a Red Line
Former Fed Chair Janet Yellen warns the U.S. is nearing 'fiscal dominance' as federal debt hits $38 trillion and the debt-to-GDP ratio approaches 120%. What it means for investors.