According to the NY Fed’s Household Debt and Credit Report released August 11, U.S. credit-card balances climbed $21 billion to reach $1.26 trillion as of the end of June 2026. This rebound follows a seasonal dip in Q1 2026, when balances fell by $25 billion to $1.25 trillion after consumers paid down holiday spending. Total U.S. household debt stood at $18.8 trillion at the end of Q1 2026, encompassing mortgages, student loans, auto loans, and credit cards. The NY Fed announced that a forthcoming Liberty Street Economics analysis will examine discrepancies between bureau-reported and lender-reported data on credit-card delinquency metrics.
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