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📌 U.S. Credit Card Debt Enters 2026 at Record Highs Despite Fed Rate Cuts

January 21, 2026 by Sahil Mehta

America is entering 2026 with credit card debt sitting at record levels, even as interest rates on other forms of borrowing begin to ease. A review of data from the Federal Reserve, New York Fed, major credit bureaus, and the CFPB paints a clear picture: households are leaning heavily on revolving credit to stay afloat, … Read more

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