A post by @WatcherGuru on X.
JUST IN: US credit card debt reaches new all-time high of $1.29 trillion.
@WatcherGuru on X
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US credit card debt has climbed to a record $1.29 trillion, according to a Watcher.Guru post citing the new all-time high. The milestone underscores how heavily US households continue to lean on revolving credit as borrowing costs stay elevated. It matters because consumer spending drives roughly two-thirds of US economic activity, so rising card balances can signal both resilient demand and mounting repayment strain. Watch next for delinquency rates and whether lenders tighten credit standards, which would ripple into consumer-facing sectors and broader growth expectations.
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