Credit Cards Surging Amid Rising Costs | Business and Finance News

Credit card debt’s hitting record highs—nearly $1.2 trillion—with households turning to plastic to cover rising costs like groceries and gas, even as interest rates stay stubbornly high. While total household debt dipped slightly, credit card balances surged nearly 2% in one quarter, pushing more people into delinquency. Economists and the Fed are sounding the alarm as budget strains mount. If you’re feeling the squeeze, don’t panic—reach out to your issuer, explore extra income, or consider debt counseling. You’re not alone. 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/df29ffc59ad0cd0b