Monthly Archives: May 2016

Balance Due: Credit-Card Debt Nears $1 Trillion as Banks Push Plastic

Outstanding balances near precrisis levels as banks promote cards and borrowers regain confidence

Photo: AP

By Anna Maria Andriotis and Robin Sidel

May 20, 2016 5:30 a.m. ET

Credit card balances are on track to hit $1 trillion as more Americans feel comfortable taking on more debt. WSJ’s AnnaMariaAndriotis joins Tanya Rivero to discuss the underlying reasons for the credit boom.

U.S. credit-card balances are on track to hit $1 trillion this year, as banks aggressively push their plastic and consumers grow more comfortable carrying debt.

Read the full article here.