What’s causing the record-high credit card debt in America? Why are Americans spending so much yet saving so little? Credit card debt in America rose to $890 billion in 2022, with total household debt hitting a record high of $16.5 trillion. Credit is a survival tool for most Americans—and the debt tied to it is so ubiquitous in the U.S. that it’s become normalized. Read on to learn more about credit card debt in America, including tips for managing debt.
Credit Card Debt in America Exposes a Harsh Reality










