Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows

Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.

source https://www.cnbc.com/2026/05/12/new-york-fed-credit-card-debt-stands-at-1point25-trillion.html