Americans rack up $19 billion in credit card debt in one month

Wells Fargo reports a surge in U.S. consumer credit card debt, indicating potential financial stress among households.

18 comments

~~Eat~~. Compost. The. Rich. Seize. The. Means. Of. Production.
I'd really like to see this report broken down into spending by age groups.
- Why?
  
  Interestsd to see what age group is spending the most on credit.
Not this guy! Been (slowly) paying mine down.
- Right there with you, wish I could do it a little faster, but I'm almost to the point where I can knock out a bunch of it.
BAIL US OUT!
- I'm certainly too big to fail
- Debt jubilee please.
Does this include all credit card usage or just credit card usage that has accrued interest?
- I believe it is based on the utilization of credit (so the total sum, compared period to period)
  
  It's gone up. Considerably. Contrary to what that picture shows a lot of households are absorbing the combination of shrinking portions of food / rising prices with cards.
  
  Is that just straight usage or outstanding balance?
  
  My usage of credit cards has changed over the years.
  
  It used to be I used them very sparing for infrequent large purchases. Then paid them off in installments.
  
  Now I use a credit card for most regular purchases because of the cash back and security if the card number gets compromised. I also pay it off in full every month.
  
  So my usage has increased by 10x but my outstanding balance is 0.
Damn, I’m far behind!

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