Americans' credit card debt set a new record of $1.2 trillion in the last quarter of 2024, while overall household debt reached a new high of about $18 trillion, the New York Fed found.

The Department of Government Efficiency (DOGE) may get access to student loan data. Here are ways borrowers can protect personal info.

New York Fed data showed that household debt was $18.04 trillion in December, a sum that covers all borrowing including ...

U.S. debt Cassandras can point to news of the country's record household debt figure last week as yet another sign that the ...

President Donald Trump plans to fulfill his campaign promise to end taxes on Social Security benefit income. A new report finds that will benefit high earners.

A new report by the Federal Reserve Bank of New York shows all major loan categories are on the rise, with credit card balances topping $1.2 trillion-dollars.

Wendy Edelberg is the director of the Hamilton Project at the Brookings Institution and was chief economist of the ...