American consumers now owe a record $1.33 trillion in credit card debt, a new all-time high that arrives as the personal savings rate collapses and interest rates on revolving balances hover above 21%. Hard Money Advocates Take Note Total U.S. credit card debt has climbed to a new all-time high of $1.33 trillion on May []
US Credit Card Debt Hits Record $1.33 Trillion as Savings Rate Crumbles
Bitcoin.com - 9 May 2026 22:30
American consumers now owe a record $1.33 trillion in credit card debt, a new all-time high that arrives as the personal savings rate collapses and interest rates on revolving balances hover above 21%. Hard Money Advocates Take Note Total U.S. credit card debt has climbed to a new all-time high of $1.33 trillion on May []
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