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Today’s Lead Story
Tuesday, August 11

Debt

Credit Card Balances Rose to $1.26 Trillion in Q2 as Delinquency Rate Climbed to 12.8%

via Federal Reserve Bank of New York

Total credit card balances reached $1.26 trillion in Q2 2026, up $21 billion from the prior quarter, while the share of balances more than 90 days overdue climbed to 12.8%. The average rate on cards carrying a balance stood at 22.15%.

Why it matters

Carrying a balance at today's average rates means interest compounds quickly, and rising delinquency rates suggest many households are already struggling to keep up with monthly payments.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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