U.S. credit card debt reaches $1.26 trillion as the K-shaped economy keeps households under uneven financial pressure.

Credit card balances are ticking higher mid-way through the year, according to a new report on household debt from the Federal Reserve Bank of New York.

NY Fed Q2 2026 report shows US credit-card balances rose $21 billion to $1.26 trillion, reversing Q1's seasonal decline as total household debt