Credit card debt is going up. 

Americans Average Over $6,300 In Credit Card Debt

Americans are sinking deeper into credit card debt.Credit Card Finance Sticker by 11 Branding

TransUnion reports that the average balance for Americans is $6,328. 

The amount of credit card debt held by consumers has gone up by 4.8 percent since last year. Debt Sticker by MICA Graphic Design Motion

TransUnion said people “are maxing out their credit cards. That’s usually a pretty good indicator that people are stretched.”

The Federal Reserve Bank of New York found that over the last year, about 9.1 percent of credit card balances have become delinquent.

https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html