Total outstanding credit card balances are up to a record ~$1.25 TRILLION, nearly DOUBLING from 2013 of ~$660 billion.

Since 2020, credit card debt has soared ~$500 billion, or +67%.

In December alone, revolving credit spiked by +$13.8 billion, the largest monthly jump since 2023.

Meanwhile, the average credit card interest rate sits at 22.2%, near the record of 23.4%.

Americans are drowning in high-interest debt.