Debt Management

Finance

Credit Card Debt Just Hit Another Record in 2026 — Here’s What That Actually Means If You’re the One Carrying It

Americans closed out 2025 owing $1.277 trillion on their credit cards, the highest balance the Federal Reserve Bank of New York has recorded since it started tracking this data back in 1999. Balances dipped slightly in the first quarter of 2026, down to $1.252 trillion, but don’t let that small pullback fool you — it’s the same seasonal dip that…