U.S. Credit Card Debt Reaches All Time High

According To The Federal Reserve Bank

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Last quarter, U.S. household debt reached a new high of $17.06 trillion, a 0.1% increase, as per New York Fed data dating back to 2003.

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Auto-loan debt grew by $20 billion, reaching $1.58 trillion. New auto loans, including leases, totaled $179 billion.

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Student-loan debt decreased by $35 billion to $1.57 trillion, with federal loan payments on hold until October.

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Problem With Credit Card Debt

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