Credit Card debt is absolutely exploding higher, now over $5 trillion and personal interest payments just hit a record high
The consumer debt picture also indicates that decades ago, there was a massive, structural break in the economy and broader financial system- will we ever recover?
“Credit card debt in the United States at the end of Q2 2025 was $1.21 trillion.” https://www.forbes.com/advisor/credit-cards/average-credit-card-debt/
“Total consumer credit outstanding reached $5.06 trillion in July 2025.” https://www.federalreserve.gov/Releases/g19/current/
“Accounts assessed interest now average 23.37% APR, the highest ever recorded.” https://www.federalreserve.gov/Releases/g19/current/
“Past-due payments on auto and student loans are also breaking records. These highs indicate greater consumer stress.” https://www.cnbc.com/select/credit-card-delinquent-record-high/