CNBC(@CNBC):Americans are increasingly turning to credit cards as financial pressures mount, new reports show. Collectively, credit card balances climbed by $22 billion in the third quarter to a record $1.29 trillion, according to the Federal Reserve Bank of New York’s latest household debt report, released Tuesday. Balances are up 4.2% from a year earlier. More:

2026.11.11 00:00

Americans are increasingly turning to credit cards as financial pressures mount, new reports show. Collectively, credit card balances climbed by $22 billion in the third quarter to a record $1.29 trillion, according to the Federal Reserve Bank of New York’s latest household debt report, released Tuesday. Balances are up 4.2% from a year earlier. More: