Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds

Aug 11, 2026 - 14:25

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Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds

Credit card balances are ticking higher midway through the year, according to a new report on household debt from the Federal Reserve Bank of New York.

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