US consumers are carrying more credit card debt than ever: Last year, 21.3% of US credit-card holders had over $10,000 in debt, the highest in at least 7 years. This percentage has risen for 4 consecutive years, from 15.3% in 2021. By income, 25.0% of higher-income households had over $10,000 in credit card debt in 2025, the highest among all income groups. This was followed by middle-income and lower-income households at 20.0% and 17.0%, respectively. Meanwhile, total US credit card debt stands at $1.25 trillion, near an all-time high, surging +$360 billion since 2020. Consumers are increasingly relying on debt to keep up with rising prices.(The Kobeissi Letter)