October 23, 2021

Credit card debt closed 2018 at a record $870 billion

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From Newsmax U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. ‘The increase in credit card balances is consistent with seasonal patterns but marks the first time credit […]