Business

Credit Card Debt Surges Amid Economic Divide

Updated 2026-08-11 15:25 UTC 1 source Negative

New York Fed research indicates that credit card debt has climbed to $1.26 trillion, highlighting the 'K-shaped' divide in economic recovery where some segments of society are faring better than others.

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CNBC
Credit card balances are ticking higher mid-way through the year, according to a new report on household debt from the Federal Reserve Bank of New York.
2026-08-11 15:08 UTC
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