credit card debt

People who see increased wealth through the stock market are putting less of their income aside. Others are dealing with higher prices and simply aren’t able to save as much.

We’ll be getting a better picture of consumer borrowing this week from the Federal Reserve.

New delinquencies have largely stabilized after a big spike a couple of years ago, but lots of people are still carrying around old credit card debt they fell behind on.

According to a report from credit bureau TransUnion, the number of credit cards issued increased nearly 12% in the first quarter of 2026 compared to a year before.

Retail spending rose by 1.7% from February to March. Experts said people are spending their tax refunds and increasingly turning to credit — even for groceries.

 As U.S. consumer debt climbs to record highs, social media creators are speaking candidly about a once-taboo topic.

If the economy goes south, it could affect the ability of working people to continue making payments. And that could affect the banks’ bottom lines.

Credit card and other debt rose fast in April, but low unemployment means most Americans are still spending.

An analysis from personal finance company WalletHub found consumers took on an additional $74 billlion in credit card debt in 2024.

It’s a sign that higher prices are still weighing on many household budgets.