Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.

In the fourth quarter of 2024, U.S. credit card balances rose by $45 billion, reaching the $1.21 trillion mark — the highest ...

What changed? There are three identifiable contributors to the recent acceleration of millennial credit card debt balances: Rising APRs: While the average APR of 23% isn't kind to credit card ...

Credit card debt is a growing issue nationwide and it is weighing heavily on many households as we move through the second quarter of 2025. For example, recent data shows the average cardholder is ...

In February 2025, the average ... Outstanding debt is the most common reason for a low credit score, so a regular series of on-time payments to a high-APR creditor, like a credit card, will ...

There are three identifiable contributors to the recent acceleration of millennial credit card debt balances: Once again, as in 2022 and 2023, Generation X has the highest average balance among ...