🚨 U.S. Credit Card Debt Reaches All-Time High
Total outstanding credit card balances have climbed to approximately $1.25 trillion — nearly double the roughly $660 billion level seen in 2013.
📊 Key Implications:
Increasing consumer leverage and reliance on credit
Mounting strain from elevated interest rates
Growing risk to household spending power and financial stability
⚠️ While credit expansion can fuel short-term economic growth, it heightens long-term vulnerabilities.
🧠 When debt levels rise sharply amid persistently high interest rates, the overall economy becomes more susceptible to shocks and slowdowns.
#CreditCardDebt #FinancialTrends
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