American households are drowning in debt like never before. Total credit card balances have soared past $1.21 trillion nationally, while the average household carries over $6,000 in revolving debt.

Debt feels like a constant weight for many Americans in today's tough economic environment. Credit card balances, personal loans and medical bills can pile up faster than people realize, leaving ...

Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a ...