Newsweek - Total U.S. credit card debt rose to $1.23 trillion in the third quarter of 2025, an increase of $24 billion from the previous quarter and up about 50 percent over the past five years, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit report.
And a report from the personal finance website WalletHub found that outstanding credit card debt is now about 1 percent below the all-time high reached last year, and that average credit card debt is currently at more than $11,000 per household.
Why It Matters
Rising debt burdens have continued to weigh on Americans’ finances this year, a product, some say, of broad-based economic strains and the inability of consumers' wages to keep pace with rising costs. Student loan delinquencies have surged following the end of pandemic-era assistance, and millions are behind on payments across nearly every type of credit from mortgages to auto loans.
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