A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help.
A newly-released report shows credit card debt soaring to record levels, with Americans owing more than $1.2 trilling at the end of 2024.
The data, released Thursday by the Federal Reserve Bank of New York, shows credit card balances increased by $45 billion from the previous quarter. Ansley Loya, of Kennesaw said she’s among those who know the feeling of safety a credit card can provide – until the debt catches up.
“Just having those credit cards, makes you feel like you have a…
