$1 trillion in credit card debt

American consumers have the highest amount of revolving credit debt in U.S. history.  As of June, Americans had $1.021 trillion in outstanding revolving credit, according to data from the Federal Reserve. Of the $1.021 trillion in outstanding revolving credit, $1 trillion is credit card debt. Prior to June, the record for outstanding revolving credit was $1.020 trillion, set in April of 2008.

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