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Has credit card DEBT gotten out of HAND?

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U.S. consumers racked up $92.2 billion in credit card debt during 2017, pushing outstanding balances past $1 trillion for the first time ever, according to WalletHub’s latest Credit Card Debt Study, based on Federal Reserve data released last week.

Only four times in the past 30 years have Americans spent so much in a year, the WalletHub study revealed. And in each of those prior cases, the charge-off rate – currently hovering near historical lows – rose the following year.


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Roane County | circulation@roanecounty.com | 865-376-3481
P.O. Box 610, 204 Franklin Street, Kingston, TN 37763
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday