Households had $986 billion in credit-card debt

through the first quarter of 2023, according to the Federal Reserve Bank of New York. That’s up 17% from $841 billion over the same period last year.

People carrying a card balance month-to-month averaged 20.92% Annual Percentage Rate

in the first quarter of the year, up from 16.17% at the same last year, according to Fed data.

LendingTree’s data showed the national average on new card offers was 23.98% in May, up from 19.62% in March 2022.

MarketWatch 14 June 2023

Englund