Americans' Credit Card Debt Rises
This is a New York news story, published by CNBC, that relates primarily to the Federal Reserve Bank news.
New York news
For more New York news, you can click here:
more New York newsNews about interest rates
For more interest rates news, you can click here:
more interest rates newsCNBC news
For more news from CNBC, you can click here:
more news from CNBCAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
more credit card debt. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest credit card debt news, credit card balance news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
average credit card rateCNBC
•Business
Business & Economics
Americans' average credit card balance hits $6,580, but there are signs consumers are managing their debt relatively well

83% Informative
Consumers owe a record $1.21 trillion on their credit cards, the Federal Reserve Bank of New York recently reported.
The average balance per consumer now stands at $ 6,580 , up 3.5% year over year , TransUnion found.
Credit card delinquency rates, or those 90 days or more past due, fell for the first time since 2020 .
Credit cards are still one of the most expensive ways to borrow money after interest rate hikes.
VR Score
89
Informative language
91
Neutral language
76
Article tone
semi-formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links