‘Bidenomics’: Americans Racked Up Record Credit Card Debt Since 2023

Another metric indicating that Joe Biden’s presidency was one of the worst in U.S. history dropped on Friday.

 

 

According to the Federal Reserve Bank of New York, Americans continue to rack up debt, owing $1.21 trillion on their credit cards as of the fourth quarter of fiscal 2024, the Washington Times reported, citing the data.

This marked a $45 billion increase from the third quarter of 2024 and an $82 billion (7.3%) rise year-over-year, according to a report from the New York Federal Reserve.

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