Use of Credit Cards is On the Upswing

Industry Updates  »  Use of Credit Cards is On the Upswing

The Center for Microeconomic Data’s latest Quarterly Report on Household Debt and Credit shows that total outstanding credit card debt was $747 billion at the end of September.

The data shows that though total outstanding debt is still well below its peak of $866 billion recorded in the fourth quarter of 2008, non-housing debt is now above 2008 levels.

A summary and links to other reports can be found here:
https://www.newyorkfed.org/microeconomics/hhdc

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