What’s Behind $1 Trillion in Credit-Card Balances? thumbnail
What’s Behind $1 Trillion in Credit-Card Balances?
www.wsj.com
That increase adds about $25 a month in interest on an average credit-card balance of $5,733, according to TransUnion data. Americans’ surging credit-card balances, up over $1 trillion for the first time this month. Instead, the trillion-dollar number is fueled by still-elevated inflation, consumers
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  • That increase adds about $25 a month in interest on an average credit-card balance of $5,733, according to TransUnion data.
  • Americans’ surging credit-card balances, up over $1 trillion for the first time this month. Instead, the trillion-dollar number is fueled by still-elevated inflation, consumers’ continued spending and a smaller share of borrowers paying off their statements in full,

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