Americans Now Have the Highest Credit-Card Debt in U.S. History

August 7th, 2017

I had this open in another tab, I wonder if it’s related: In 2016, Drug Overdoses Likely Killed More Americans than Wars in Vietnam and Iraq


Via: MarketWatch:

American consumers just hit a scary milestone.

They now collectively have the most outstanding revolving debt — often summarized as credit card debt — in U.S. history, according to a report Monday released by the Federal Reserve. Americans had $1.021 trillion in outstanding revolving credit in June 2017. This beats the previous record in April 2008, when consumers had a collective $1.02 trillion in outstanding credit revolving credit.

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