US Credit Card Balances Hit $1.25 Trillion As Delinquencies Rise
U.S. credit card balances reached $1.25 trillion in the first quarter of 2026, alongside climbing delinquencies and an average interest rate of 21%. According to Federal Reserve data and recent market reports, financial strain is intensifying across households as consumers rely heavily on credit to manage high living costs. American consumers are leaning more heavily … Read more