By Jasmine Browley ·Updated August 14, 2023
Credit card debt has reached an all-time high.
The Federal Reserve Bank of New York released new data showing that credit card debt currently sits at $1.03 trillion. This is up 4.6% from $986 billion in the first quarter, per the report, and the highest in recorded history American history.
This highlights the effect ballooning inflation has had on Americans.
“Despite the many
