Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows

May 12, 2026 - 12:01
Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows
Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.