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Outstandings on general purpose credit cards—Visa, Mastercard, American Express and Discover—combined with outstanding receivables tied to all private label (store, gasoline, medical, etc.) card products reached $1.402 trillion at year-end 2023, up 10.5% versus year-end 2022.
This credit card debt figure (also called outstandings), which includes commercial and consumer card products, was compiled by the Nilson Report from its surveys of financial institutions and private label lenders.
US household debt totaled $19.918 trillion at year-e...
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