US Credit Debt Ended 2018 at Record Highs

US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase of $26 billion from the previous quarter; this was due partially to seasonality but it is also the first time credit card debt re-touched the 2008 nominal peak; credit cards are the fourth largest segment of consumer debt after mortgage, student and auto debt, but credit card debt is rising faster than other segments; Bloomberg shares further data on the current state of credit card debt including delinquencies, available credit, debt by age group and much more. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!