US credit card debt climbs to $1.26tn, nearing last year’s record high
Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed reportCredit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June compared with the same period last year, according to a report by the Federal Reserve Bank of New York.That figure is just shy of last year’s record high of $1.28tn.
Reported by 1 outlet — The Guardian US. See all sources ↓
Read the full report at The Guardian US ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- Mortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed reportCredit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June compared with the same period last year, according to a report by the Federal Reserve Bank of New York.That figure is just shy of last year’s record high of $1.28tn.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 2m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card1 outlet1CoverageScouting report
US credit card debt climbs to $1.26tn, nearing last year’s record high
Sources1TypeCoverageThe Guardian US