U.S. consumers have a $1.25 trillion credit card bill due.
The New York Federal Reserve recently released its Household Debt and Credit Report for the first quarter. It is a periodic report that reviews consumer balances on mortgages, credit cards, lines of credit, and auto and student loans.
In the first three months of 2026, total debt rose by a tepid $18 billion, or 0.1 percent, to an all-time high of $18.8 trillion.
While credit card balances improved from the previous quarter, they are hovering at record levels.
Here’s what to know about credit card debt in the United States.
The $1.25 Trillion Balance
Exhausted by the holiday shopping season, consumers took a break from inserting, swiping, and tapping in the opening months of the year….