U.S. credit card debt closed 2018 at a record $870B

UNITED STATES credit card debt hit a record $870 billion at the end of 2018. / BLOOMBERG NEWS FILE PHOTO
UNITED STATES credit card debt hit a record $870 billion at the end of 2018. / BLOOMBERG NEWS FILE PHOTO
NEW YORK -United States credit card debt hit $870 billion - the largest amount ever - as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. "The increase in credit card balances is consistent with seasonal patterns but marks the first time…

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