(Bloomberg) -- U.S. credit card debt hit $870 billion -- the largest amount ever -- as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. "The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched the 2008 nominal peak," according to the report.
Read more at: https://www.bloombergquint.com/onweb/u-s-credit-card-debt-closed-2018-at-a-record-870-billion#gs.0VvZe6sD
The more I think about it why should I blame the American people. They're only doing what the boobs in Congress do everyday.
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