Alarming Credit Card Debt in USA (Patreon)

Americans are taking on record levels of credit card debt.

In just three months, total credit card debt increased by $45 billion to reach $1 trillion. This is an increase of nearly $250 billion since 2021.

This sharp increase in credit card debt is a sign that Americans are struggling to make ends meet. The pandemic and Govt induced inflation (thru money printing) has caused a lot of financial hardship, and many people are turning to credit cards to cover their expenses.

Credit card debt is growing rapidly, even though the economy is still recovering from the pandemic. This is a clear sign that Americans are taking on too much debt, and that they could be in for financial trouble in the future.

h/t Sanjay for the chart