Visualizing America’s $1 Trillion Credit Card Debt
Visualizing America’s $1 Trillion Credit Card Debt
Americans’ collective credit card debt surpassed $1 trillion for the first time in Q2 2023.
Between April 1 and June 30, total credit card balances rose by $45 billion compared to Q1 2023, to $1.03 trillion.
This chart uses data from the Federal Reserve Bank of New York and WalletHub to illustrate the growing credit card debt in the United States.
Over $10,000 Balance per Household