Americans’ Credit Card Debt Tops $1 Trillion, Hitting All Income Levels

Barbie isn’t the only plastic that’s hot this summer. Credit card balances shot up by $45 billion between the first and second quarters of 2023, a 4.6% increase that pushed total credit card debt past the $1 trillion mark, according to the Federal Reserve Bank of New York. Some parts of the U.S. are having […]