Continue Reading
Full article on CNBC
Credit card debt tops $1.28 trillion — consistent with ‘K-shaped’ economic divide, New York Fed research shows
Market Intelligence Analysis
AI-Powered
Why This Matters
Credit card debt in the US has reached $1.28 trillion, highlighting the 'K-shaped' economic divide, where some individuals struggle with debt while others thrive financially.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
Original article published by
CNBC
on February 10, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.