credit card debt, emergency savings

Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.
New report finds high percentage of Americans have more credit card debt than emergency savings
Bankrate Chief Financial Analyst Greg McBride says “more and more households [are] relying on credit to bridge that gap where the income stops but the expenses keep going.”
A third of Americans have more credit card debt than emergency savings, poll finds
Higher credit card debt could be a sign of consumer confidence. But tariffs from the Trump administration could further inflate prices.
Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says
Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Credit card balances jumped by $45 billion in the fourth quarter of 2024, driven in part by holiday spending, and are now 7.3% higher than a year ago.
RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?
Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.
1 in 10 Americans would not date someone with credit card debt, survey finds | What's the Deal?
On the flip side, Sara Rathner, with NerdWallet, said 90% of Americans do not consider credit card debt to be a deal-breaker.
Study finds many Americans have more credit card debt than savings
Its tough news on inflation and according to a new Bankrate survey. One-third of Americans say they have more credit card debt than emergency savings. Bankrate Chief Financial Analyst Greg Mcbride explains the study's findings.
One in 10 Americans would never date someone with credit card debt: Survey
Most Americans (90%) would theoretically date someone with credit card debt. In fact, 2 in 5 of those who said this (40%) say no amount of credit card debt is a dealbreaker in a relationship. However, others say they have limits to how much credit card debt they would abide in a romantic partner.
Why Transferring Credit Card Debt Won’t Pay It Off
A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.
This Week In Credit Card News: Credit Card Debt Still At Record Levels
Americans Struggle With Record Credit Card Debt U.S. credit card debt reached a record $1.17 trillion in the third quarter of 2024, growing from $770 billion in the first quarter of 2021 and the share of active credit card holders making just minimum payments rose to 10.75%, the highest percentage ever in data going back to 2012. [ The Guardian]
One-third of Americans have more credit card debt than emergency savings: Survey
A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings. That number is down from 36 percent in 2024 and 2023.
Nearly every retirement-age American is in debt. How it happened, and how to cut costs.
That old adage, ‘Retire without debt,’ may be going the way of the electric typewriter. Nearly every retirement-age American ...
Americans are piling on debt at a furious pace, as tariffs loom
Americans’ collective credit-card bill stands at $1.2 trillion, a more than 7% increase from the same point one year earlier.