Recent data from the Federal Reserve Bank of New York shows that US household credit card debt has risen to a new high of $1.17 trillion, representing an $24 billion increase in the third quarter of 2024. This marks a year-on-year rise of 8.1%, although delinquency rates have improved slightly, suggesting that debt burdens are still manageable for many households. With disposable personal income growing, the total debt-to-income ratio stands at 82%. Experts warn that the rising cost of credit and inflation are driving many to rely on credit cards to meet their expenses.