Credit Card Debt Drops Slightly but Remains Up Year-Over-Year
According to a new Federal Reserve Bank of New York report, U.S. credit card debt fell by $25 billion in Q1 2026 to reach $1.25 trillion, though it is still up 5.9% compared to the same period last year. The decline was offset by increases in other household debts like mortgages and auto loans.
Topics: Credit Card Debt Federal Reserve Report Household Debt