🚨 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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