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The nation’s collective credit card debt expanded to $1.35 trillion in 2024, after U.S. consumers added $74 billion in credit card debt during the year. That equates to $11,253 of credit card debt per household, according to a WalletHub credit card debt study.
That represents an improvement from 2023 when consumers added $111 billion in credit card debt and 2022 when they added nearly $120 billion in debt. Roughly $68 billion of credit card debt was added during the fourth quarter, which was 19% less than was added during the fourth quarter of 2023 when adjusted for inflation, said WalletHub.
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