Credit card debt down again

WalletHub - The Federal Reserve released its latest Consumer Credit report ... and WalletHub’s analysis of the data reveals that consumers paid off $60 billion in credit card debt during the first quarter of 2026. 

• Q1 Relief: At $60 billion, the decrease in credit card debt during Q1 2026 was around 6% larger than the decrease in Q1 2025.
   
• Debt Is Well Below the Peak: Total credit card debt as of Q1 was roughly $1.35 trillion on an inflation-adjusted basis, or around 14% below the record high.
   
• Household Debt Has Some Breathing Room: The average household credit card balance was around $11,153 at the end of Q1 2026, after adjusting for inflation. That’s $2,263 below the record high....
  
  
• 2026 Projection: WalletHub projects that total credit card debt will rise by $60 billion during 2026.