Nearly half of Americans in a new WalletHub survey said their household can’t manage more debt, while more than one-third said they expect to have higher balances by the end of 2026. Fifty-three percent of households said the struggle the most with credit card debt, followed by mortgages at 20% and student loans with 11%.
Out of the 175 million people in the U.S. who have credit cards, around 60% carry a balance from one month to the next. With average credit card rates around 20%, it is one of the most expensive ways for consumers to borrow money.