American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.
For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 …