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Credit Card Debt Rises to $1.26T—but It Is Not a Record
New York Fed data show U.S. balances rose $21 billion in Q2, reaching $1.263 trillion. Interest-paying cardholders face a 22.15% average bank APR, but aggregate data cannot show individual hardship. Key Facts Balances rose $21 billion, but remained $14 billion below Q4 2025’s total. The annualized flow into serious delinquency was 6.97%, versus 6.93% one…