US credit card debt climbs to $1.26tn, nearing last year’s record high
The report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year. Photograph: aquaArts studio/Getty ImagesView image in fullscreenThe report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year.
- ▪The report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year.
- ▪Photograph: aquaArts studio/Getty ImagesView image in fullscreenThe report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year.
The Guardian — World publishes from United Kingdom and files mainly under world. We currently carry 3,047 of its stories.
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Record
| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/business/2026/aug/12/credit-card-debt-increase-fed-report |
| Publication time | Wed, 12 Aug 2026 14:58:36 GMT |
| Retrieval time | 2026-08-12T15:01:37.437Z |
| Last seen | 2026-08-12T15:01:37.437Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | WUys4_U0_UpP · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
The report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year. Photograph: aquaArts studio/Getty ImagesView image in fullscreenThe report shows that credit card debt rose by $21bn, or 1.7%, in the second quarter compared with earlier this year. Photograph: aquaArts studio/Getty ImagesUS economyUS credit card debt climbs to $1.26tn, nearing last year’s record highMortgage and student loan balances saw ‘small decline’ with increases elsewhere, says post alongside Fed reportCoral Murphy MarcosWed 12 Aug 2026 10.58 EDTLast modified on Wed 12 Aug 2026 10.59 EDTSharePrefer the Guardian on GoogleCredit card debt in the United States is growing close to a record high, having creeped up from $54bn to $1.26tn between April and June compared…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — World.
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