credit card debt

WalletHub Reports: Record $180B Rise in Credit Card Debt in 2022 + Fed Rate Hike to Cost $3.4B & Cities with the Biggest Debt Increase

On: March 9, 2023

With household finances already under pressure and the Fed releasing its G19 report yesterday, the personal-finance website WalletHub released new reports and surveys highlighting additional hurdles to watch out for. WalletHub’s Credit Card Debt Study found that consumers racked up a record $180.3 billion in new debt during 2022, and …continue reading

WalletHub Reports: Record Q3 Credit Card Debt & Cities with the Least Sustainable Debt

By: courtesy

On: December 8, 2022

In: Personal Finance

With inflation putting pressure on people’s budgets and raising concerns about a prolonged recession, WalletHub released its latest Credit Card Debt Study, Federal Reserve Rate Hike Report, and report on the Cities with the Most & Least-Sustainable Credit Card Debt to help illustrate how consumers are faring. You can find key highlights below. …continue reading

WalletHub Reports: $87B Rise in Credit Card Debt in 2021, Fed Rate Hike to Cost $1.6B & Cities with the Biggest Paydowns

By: courtesy

On: March 8, 2022

In: Personal Finance

With consumers’ finances under pressure due to inflation, the personal-finance website WalletHub today released two key reports highlighting additional hurdles to watch out for. For starters, WalletHub’s Credit Card Debt Study found that consumers racked up $87.3 billion in new debt during 2021. In addition, WalletHub’s Fed Rate Hike Report …continue reading

WalletHub reports: $23.6B hike in credit card debt in Q3 2021 and cities with the least sustainable debt

By: courtesy

On: December 8, 2021

In: Business

With the economy still on shaky ground as a new Covid variant emerges during the holiday shopping season, the personal-finance website WalletHub today released its report on 2022’s Cities with the Most & Least-Sustainable Credit Card Debt in addition to its latest Credit Card Debt Study. Most-Sustainable Credit Card Debt …continue reading

WalletHub Study: 2021’s States with the Highest and Lowest Credit Card Debt

By: courtesy

On: July 27, 2021

In: Business

With Americans having started 2021 off with nearly $900 billion in credit-card debt, the personal-finance website WalletHub released its report on the States with the Highest & Lowest Credit Card Debts, as well as accompanying videos and expert commentary. We drew upon data from TransUnion, the Federal Reserve, the U.S. …continue reading

WalletHub Report: $56.5B Drop in Credit Card Debt during Q1 2021

By: courtesy

On: June 10, 2021

In: Personal Finance

After a record-setting year for credit card debt reduction in 2020, U.S. consumers maintained their strong performance during the first quarter of 2021, paying off $56.5 billion in credit card debt, according to the personal-finance website WalletHub’s latest Credit Card Debt Study, released today. Although credit card debt levels are …continue reading

WalletHub Reports: Record $83B drop in credit card debt in 2020

By: courtesy

On: March 8, 2021

In: Personal Finance

While 2020 was a year to forget in most respects, Americans excelled in terms of paying off credit card debt, getting rid of a record $82.9 billion in debt, according to the personal-finance website WalletHub’s latest Credit Card Debt Study, released today. This is a major accomplishment, considering that consumers …continue reading

California posts country’s biggest credit card debt paydown

By: courtesy

On: September 9, 2020

In: Personal Finance

With the economy showing signs of life despite the ongoing impact of the coronavirus pandemic, WalletHub’s new Credit Card Debt Study revealed that U.S. consumers paid down $118 billion in credit card debt during the first half of 2020 – an all-time record. This record reduction in credit card debt …continue reading