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US credit card debt climbs to $1.26tn, nearing last year’s record high

US credit card debt climbs to $1.26tn, nearing last year’s record high

12.08.2026 17:58 | The Guardian World

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. Continue reading...

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