- Americans turned to new credit cards and personal loans last year as higher prices burned.
- Americans increased their use of credit cards and personal loans last year due to higher prices.
- Credit card debt has reached a record $1.28 trillion.
- Low-income consumers have seen credit card debt increase more rapidly, potentially leading to spending cuts and delinquencies.
- High interest rates on credit cards exacerbate debt burdens, making it difficult to reduce balances.
Americans turned to new credit cards and personal loans last year as higher prices burned.
Feb 21, 2026, 10:09:08 PM UTC(1 day ago)
Impact: MediumAffected Assets
Sources
From:@YahooFinance
Americans turned to new credit cards and personal loans last year as higher prices burned https://t.co/PYtLyGqAIa
