Credit Card Debt Rises to $1.26T, Nearing All-time Record

Wednesday, August 12, 2026

Americans' credit card debt reached $1.26 trillion, increasing by $21 billion in the second quarter of this year, according to new data Tuesday from the Federal Reserve Bank of New York.

Posted by LampLighter at 08:33 PM | 41 COMMENTS | permalink | Comment on This Entry |

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Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. https://to.pbs.org/4wnlIAe

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-- PBS News (@pbsnews.org) 11:00 PM Â· Aug 11, 2026

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More from the article ...

... Strong consumer spending typically results in higher credit card debt. Economists have also pointed to rising prices, including for essentials like groceries and gas, as a factor behind rising card balances.

Many households are also behind on their card payments.

The percentage of credit card balances that were more than 90 days delinquent rose from 7.6% to 12.8% from mid-2022 through early 2026.

"There are a lot of households who live paycheck to paycheck, and it just needs one thing to happen to them that could lead to a delinquency," New York Fed researchers said on a call with reporters on Tuesday.

But researchers also noted the higher delinquency rates can be attributed to old outstanding debts rather than people falling behind on new charges to their cards. ...

#1 | Posted by LampLighter at 2026-08-12 03:03 PM | Reply

Buy now, pay later debt is piling up, and groceries are driving it

kstp.com

Behold pedo 47's golden age.

#2 | Posted by reinheitsgebot at 2026-08-12 03:15 PM | Reply

What could possibly go wrong?

#3 | Posted by LegallyYourDead at 2026-08-12 08:49 PM | Reply

BNPL apps. WTF?

#4 | Posted by Dbt2 at 2026-08-13 07:48 AM | Reply

But researchers also noted the higher delinquency rates can be attributed to old outstanding debts rather than people falling behind on new charges to their cards. ...

#1 | Posted by LampLighter at 2026-08-12 03:03 PM | Reply | Flag:

In simpler terms, COVID era government spending triggered 50-year inflation causing people to go into massive debt.

#5 | Posted by lfthndthrds at 2026-08-13 10:22 AM | Reply

" In simpler terms, COVID era government spending triggered 50-year inflation causing people to go into massive debt."

And, if Trump had his way, the inflation would've been worse: Trump wanted a third stimulus that was 42% larger than Biden's.

Any honest broker would admit as much. Why can't you?

#6 | Posted by Danforth at 2026-08-13 10:53 AM | Reply

In simpler terms, COVID era government spending triggered 50-year inflation causing people to go into massive debt.
#5 | Posted by lfthndthrds

In simple terms, why did you vote for the Big Spender?

#7 | Posted by snoofy at 2026-08-13 11:20 AM | Reply

In simpler terms, COVID era government spending

So "Warp speed" was bad?

#8 | Posted by Alexandrite at 2026-08-13 11:21 AM | Reply

Pedo 47 Pocketed $2.2 Billion in 2025 While American Families Lost $219 Billion to Rising Costs

meidasnews.com

#9 | Posted by reinheitsgebot at 2026-08-13 11:52 AM | Reply

@#6 ... And, if Trump had his way, the inflation would've been worse ...

In a way, Pres Trump did get his way: tariffs and his Iran War of Choice, both of which have triggered inflation increases.

#10 | Posted by LampLighter at 2026-08-13 03:01 PM | Reply | Newsworthy 1

In simple terms, why did you vote for the Big Spender?

#7 | Posted by snoofy at 2026-08-13 11:20 AM | Reply | Flag

You play an idiot's role well.

Did you take the warp-speed shot after Kamala Harris said she wouldn't.

#11 | Posted by lfthndthrds at 2026-08-13 03:45 PM | Reply

Did you take the warp-speed shot after Kamala Harris said she wouldn't.
#11 | Posted by lfthndthrds

I can't remember if I took the Warp Speed one or the other company that turned down Trump's money.

You agreed with Kamala on that too... It's a wonder you didn't vote for her...

#12 | Posted by snoofy at 2026-08-13 03:47 PM | Reply

So "Warp speed" was bad?

#8 | Posted by Alexandrite at 2026-08-13 11:21 AM | Reply | Flag:

Did you take Trump's warp-speed shot after Kamala warned she wasn't taking it? The way you clowns talk about it, you owe your lives to Trump.

#13 | Posted by lfthndthrds at 2026-08-13 03:47 PM | Reply

I thought fauci killed millions of people, and it's a plandemic?

#14 | Posted by Alexandrite at 2026-08-13 03:52 PM | Reply | Newsworthy 1

The way you clowns talk about it, you owe your lives to Trump.
#13 | Posted by lfthndthrds

Who doesn't owe their lives to government spending, in one way or another? Ever fly on a plane that didn't crash because of ATC?

You don't strike me as a grateful person, but when you simpletons tell soldiers "thank you for your service," the way you clowns talk about it, you owe your lives to the government.

#15 | Posted by snoofy at 2026-08-13 03:52 PM | Reply

The way you clowns talk about it, you owe your lives to Trump.
#13 | Posted by lfthndthrds

Operation Warp Speed was perhaps the one good thing Trump did. So yeah, he could and should take credit for it.

I'd challenge you to say something equally nice about Kamala, but you'd fail because you're a partisan douche.

#16 | Posted by Alexandrite at 2026-08-13 03:54 PM | Reply

COVID era government spending triggered 50-year inflation causing people to go into massive debt.
#5 | POSTED BY LFTHNDTURDS

"Mission Accomplished!"
-Trump

"The Trump administration disband a specialized White House pandemic preparedness team two years before the COVID-19 outbreak. In May 2018, then - National Security Advisor John Bolton restructured the National Security Council (NSC) and dissolved the Directorate for Global Health Security and Biodefense."

Remember how proud Trump was to have his signature on the check?

"In April 2020, President Donald Trump's name was printed on millions of government - issued COVID-19 stimulus checks. Instead of a legal signature, which was barred by law and protocol, his name - "President Donald J. Trump" - appeared on the left side in the memo section of the physical paper checks."

#17 | Posted by ClownShack at 2026-08-13 03:56 PM | Reply

Operation Warp Speed was perhaps the one good thing Trump did.

He should have adamant his supporters get it.

Instead he suggested hydroxychloroquine, ivermectin, bleach and bright lights.

Also, that it would simply go away in warm weather.

Trump is a virus.

#18 | Posted by ClownShack at 2026-08-13 03:58 PM | Reply

As for Harris:

During the 2020 Vice Presidential Debate, Harris stated, "If the public health professionals, if the doctors, if Dr. Fauci, if the doctors tell us that we should take it, I'll be the first in line to take it, absolutely. But if Donald Trump tells us that we should take it, I'm not taking it".

#19 | Posted by ClownShack at 2026-08-13 04:03 PM | Reply

"Operation Warp Speed was perhaps the one good thing Trump did."

Putting Dr. Fauci on the White House Coronavirus Task Force was another good thing Trump did.

Republicans can't agree with me on that one, though.

#20 | Posted by snoofy at 2026-08-13 04:10 PM | Reply

@#2 ... Behold pedo 47's golden age. ...

Back on topic ...

Well. the economy may be the Golden Age for Pres Trump's wealthy supporters and his billionaire-loaded Cabinet.

But for the working American, it seems to be difficult to put food on the table.

#21 | Posted by LampLighter at 2026-08-13 04:14 PM | Reply

Speaking of the economy, how come none of you libbies here are not heralding the SDS?

You know, those same people who want to tear down the US Constitution and replace with Socialism, which it seems many here already are for much of their agenda???

Also, for any of your socialists here - how come:
scontent.ftpa1-1.fna.fbcdn.net

#22 | Posted by MSgt at 2026-08-13 04:18 PM | Reply

how come none of you libbies here are not heralding the SDS?

What the hell is the SDS?

#23 | Posted by ClownShack at 2026-08-13 04:33 PM | Reply

" In a way, Pres Trump did get his way: tariffs "

If Gyna paid the tariffs, like Trump claimed, how come American companies got the tariff rebates???

#24 | Posted by Danforth at 2026-08-13 04:46 PM | Reply

What the hell is the SDS?

Good question.

#25 | Posted by REDIAL at 2026-08-13 05:02 PM | Reply

What the hell is the SDS?
~ Clown

Students for a Democratic Society (SDS) were a national student activist organization in the United States during the 1960s and was one of the principal representations of the New Left.
en.wikipedia.org

#26 | Posted by oneironaut at 2026-08-13 05:02 PM | Reply

I'd challenge you to say something equally nice about Kamala.

#16 | Posted by Alexandrite at 2026-08-13 03:54 PM | Reply | Flag:

I'd like to say I really appreciate her leading the charge on being unburdened by what has been. That's life-changing stuff.

#27 | Posted by lfthndthrds at 2026-08-13 05:03 PM | Reply

Good question.
#25 | Posted by REDIAL

Wouldn't expect a Canadian to know. But given that I know what it is ... I do wonder about Canadian education system and whatever the fuck Clown did for an education.

#28 | Posted by oneironaut at 2026-08-13 05:04 PM | Reply

What the hell is the SDS?
Good question.

#25 | Posted by REDIAL at 2026-08-13 05:02 PM | Reply | Flag:

Code speak for Ala Akbar?

#29 | Posted by lfthndthrds at 2026-08-13 05:04 PM | Reply

I'd challenge you to say something equally nice about Kamala.
#16 | Posted by Alexandrite a

She took on the root causes of immigration in Central and South America. Wasn't her job to watch the BidenBorderBonanza

#30 | Posted by oneironaut at 2026-08-13 05:05 PM | Reply

Code speak for Ala Akbar?
#29 | Posted by lfthndthrds a

Add LeftOverTurds to my education question!

#31 | Posted by oneironaut at 2026-08-13 05:06 PM | Reply

Apologies as was in a rush to get out the door, so did not proofread:

Should have been DSA which, knowing you I'd expect you would be a charger member ; )

Also, here is what the SDS was:
AI Overview
SDS stands for Students for a Democratic Society. It was a major American student activist organization during the 1960s and a primary representation of the political "New Left.

AI Overview The Students for a Democratic Society (SDS) began as a nonviolent, reform-minded campus group in 1960. However, as the Vietnam War escalated, the national organization grew increasingly militant. By 1969, internal fracturing led a radical faction called the Weathermen to split off and commit acts of domestic terrorism.

Domestic terrorism by lefties - see nothing new about that....

#32 | Posted by MSgt at 2026-08-13 05:11 PM | Reply

MSG: "how come none of you libbies here are not heralding the SDS?"

OneTrumper: "He's talking about the 1960s!"

Thanks, stupid.

#33 | Posted by ClownShack at 2026-08-13 05:11 PM | Reply

BTW, doing my best to not increase CC debt as pay off in full each month and have not had to pay any interest in the decades I've had the card. Smart budgeting always pays off.

#34 | Posted by MSgt at 2026-08-13 05:13 PM | Reply | Newsworthy 1

Should have been DSA

You mean Mamdani, who has and is delivering on his campaign promises?

I'd love more Mamdanis in America.

#35 | Posted by ClownShack at 2026-08-13 05:15 PM | Reply

But given that I know what it is ...

Right after you looked it up.

#36 | Posted by REDIAL at 2026-08-13 05:19 PM | Reply

You know, those same people who want to tear down the US Constitution and replace with Socialism
#22 | Posted by MSgt

Trump is replacing the Constitution with National Socialism, and you couldn't be happier about it.

Every innocent child sent to a camp is one extra Z in your sleep bubble at night.

#37 | Posted by snoofy at 2026-08-13 05:57 PM | Reply

Right after you looked it up.

I saw "Student for Democratic Socialism" when I used google too.

But I wasn't dumb enough to believe that's what MSG was talking about.

(It was obvious he meant DSA. Just felt fun to poke at his mistake. Wasn't expecting OneTrumper to rush in with stupid.)

#38 | Posted by ClownShack at 2026-08-13 06:05 PM | Reply

By 1969, internal fracturing led a radical faction called the Weathermen to split off and commit acts of domestic terrorism.

Domestic terrorism by lefties - see nothing new about that....

#32 | Posted by MSgt

Yeah nothing new about it. Quite old in fact. You're digging back 60 years, while right wing fascists stormed the capitol to overthrow democracy 5 years ago and were praised as heroes by the fascist in the white house today.

#39 | Posted by SpeakSoftly at 2026-08-13 06:18 PM | Reply

BTW, doing my best to not increase CC debt as pay off in full each month and have not had to pay any interest in the decades I've had the card. Smart budgeting always pays off.

#34 | Posted by MSgt a

So why do you vote for the party that does the opposite of that when in power?

#40 | Posted by SpeakSoftly at 2026-08-13 06:19 PM | Reply

@#23 ... What the hell is the SDS? ...

Well, when I see those initials, I think of Students for a Democratic Society from back in the day.

Students for a Democratic Society
en.wikipedia.org

... Students for a Democratic Society (SDS) were a national student activist organization in the United States during the 1960s and was one of the principal representations of the New Left. Disdaining permanent leaders, hierarchical relationships and parliamentary procedure, the founders conceived of the organization as a broad exercise in "participatory democracy".

From its launch in 1960, it grew rapidly in the course of the tumultuous decade, with over 300 campus chapters and 30,000 supporters recorded nationwide by its last national convention in 1969.[1] ...

YMMV

#41 | Posted by LampLighter at 2026-08-13 06:30 PM | Reply