Credit Card Debt Surges to Record High | California News

Credit card debt in the U.S. hit a staggering $1.26 trillion—nearly matching last year’s record—with a $21 billion spike in just three months. Rising spending and stubbornly high prices are fueling the climb, but the real alarm is in late payments: those over 90 days past due have more than doubled since mid-2022. Many families already on the edge of paycheck-to-paycheck living are being pushed into delinquency by unexpected costs—even if new charges aren’t the main culprit. Meanwhile, auto loans hit record highs while student loans and mortgages dipped. Overall U.S. household debt now stands at $18.8 trillion, painting a complex picture of mounting financial strain across America. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/711ba4a1b9fcb8ab