Consumer debt hits $5.01 trillion, with credit card balances surging 7%. High APRs and impulse spending fuel financial strain.

Consumers are out of savings.

APRIL 2025:
– Consumer credit hit $17.9B (Fed expected $11.4B)
– Credit card debt increased 7%
– Total balances hit a record $5.01T (yes, with a T, y’all)

Ummm… hello? This is crisis management at 25% APR.

– 35% used credit for impulse buys
-…

— Amanda Goodall (@thejobchick) June 8, 2025

Auto delinquencies are rising (not yet at peak)… we expect this consistent increase to just add a bit more disaster into the recipe. pic.twitter.com/VKkwJbilZd

— Amanda Goodall (@thejobchick) June 8, 2025