JUST IN: Total U.S. credit card debt has just hit a record $986 billion.
This marks a $61 billion increase in Q4 2022 as well as the largest quarterly increase since 1999.
Fastest rising interest rates in history with record credit card debt.
What could possibly go wrong?
— The Kobeissi Letter (@KobeissiLetter) February 17, 2023
US credit card debt pic.twitter.com/Cxrmn3SchA
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 17, 2023
h/t mark000