Midway through the first quarter of 2026, American households are carrying record-breaking credit card debt. Once a quick and easy fix for simple expenses, it has had to turn into a financial lifeline ...

Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Total outstanding consumer debt stood at $5 trillion as of January, according to the Federal Reserve's G.19 consumer credit report released on Friday. That is up slightly from a month earlier but down ...

The points, miles and perks that have come to define the modern credit card marketing playbook are being replaced by cashback rewards and lower fee cards as cardholder financial health1 grows ...

Credit card balances in the United States have jumped by $27 billion in just three months, a surge that is now colliding with a clear rise in late payments. The spike is happening on top of already ...

If you've ever borrowed money, you've had debt. Whether it's the money you paid a friend when they spotted the lunch tab or the student loans you owe to the government, that's debt. Debt is all around ...

The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loans, student loans and personal loans. July's surge was driven ...