Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

      • Very_Bad_Janet@kbin.social
        3·
        3 years ago

        You can also put a freeze on your credit via the big three credit agencies. That would prevent someone from opening ip a credit card or taking out a loan in your name.

    • henfredemars@infosec.pub
      2·
      3 years ago

      You’re right, but it’s a shame the system is designed to punish people who don’t have an interest in participating at this time. Fraud should be the responsibility of the credit card companies not the users.