Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • NathanielThomas@lemmy.world
    22·
    1 year ago

    What qualifies as reckless though? I mean, I needed to use my CC for a German vacation. I don’t have $3k idly sitting around.

    Seeing the world and going on vacation is a necessity, otherwise what’s the purpose of life?

    • electrogamerman@lemmy.world
      2·
      1 year ago

      I would say depends on how often you are taking $3k for vacation and how long it takes to pay it back. If you are taking vacation more often than you can pay back, then that’s reckless.