Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill

Americans are falling behind on a record $1.25 trillion in credit-card debt as high interest rates and inflation continue to pressure household budgets. Delinquency rates have climbed to their highest levels in years, with more consumers relying on credit cards to cover everyday expenses and unexpected costs. The growing debt burden is affecting households across income levels, highlighting the financial strain caused by rising living costs and expensive borrowing.