$1.024T: US Credit Card Debt Hits Yet Another All-Time High

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More notably, after a two-month dormancy in using credit cards, American consumers returned to doing what they do best – spending money they don’t have – with revolving credit jumping by $4.8 billion, the highest monthly increase since May, and the second highest of 2018. The monthly increase brought the total to a new all time high of $1.042 trillion.

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