https://www.live-feeds.com/feed/credit-card-debt-hits-record-high-as-americans-struggle-with-cost-of-livingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/credit-card-debt-hits-record-high-as-americans-struggle-with-cost-of-livinghttps://www.live-feeds.com/feed/credit-card-debt-hits-record-high-as-americans-struggle-with-cost-of-living#u200476Sat, 14 Nov 2026 11:56:24 +0000American credit card debt reached a record $1.29 trillion, driven by ongoing consumer struggles with the cost of living. Data from the New York Federal Reserve indicates that while households continue to meet their monthly obligations overall, troubled debt levels and delinquencies ticked up slightly during the third quarter. The borrowing boom persists as consumers increasingly rely on credit cards to manage daily expenses. Meanwhile, the rising financial strain has prompted a push by Democrats to cap credit card interest rates as balances mount.Why it mattersThe escalation in household debt