Average credit card balances top $6,000, a 10-year high, as delinquencies rise

• The average credit card balance is now more than $6,000, the highest in 10 years, a new report by TransUnion found.
• Total credit card debt also reached a $1.08 trillion record in the latest quarter, the Federal Reserve Bank of New York reported Tuesday.
• Amid persistent inflation, consumers are struggling to afford their everyday expenses, TransUnion’s Charlie Wise says. “They’re trying to keep the house of cards from collapsing.”
• https://www.cnbc.com/2023/11/09/average-credit-card-balances-top-6000-a-10-year-high.html