US credit card debt tops $1 trillion for the first time

(Worthy News) – Total U.S. credit card debt has topped $1 trillion for the first time, according to a new report from the card comparison site WalletHub.

Consumers added $92 billion in credit card debt in 2017, bringing the aggregate over $1 trillion. Other categories over the trillion-dollar threshold are housing, auto loan, and student loan debt.

The average household owes a record $8,600, which is more than the peak during the recession. [ Source: Washington Examiner (Read More…) ]

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