credit card delinquencies

Outstanding Credit Card Debt Reaches All-Time High—Should We Be Worried?

Credit card debt in America has reached an all-time high, according to the Federal Reserve’s latest consumer credit report. In November, revolving debt increased by $11.2 billion to a total of $1.023 trillion. That is higher than the pre-recession high of $1.021 trillion. Revolving debt is mostly comprised of credit cards. In general, revolving debt