CardHub: Record $57.1 billion in new credit card debt for 2014

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Debt in America. The U.S. economy may be strengthening, but by one measure Americans are flunking the basics of personal finance. Credit card debt is ballooning, leaving American households with a net increase of $57.1 billion in new credit card debt in 2014, according to a new survey from CardHub. The credit card comparison site said it’s forecasting [.]

U.S. consumers racked up a record $57.1 billion in net credit card debt in 2014, according to a CardHub survey released Monday. The total marks a 47 percent increase from 2013.

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according to a recent report from That amount has stayed fairly consistent over the past six years as households continue to add new debt to replace retired debt. In fact, Americans.

We increased our net credit card debt load by $57.1 billion last year. That increase is more than $10 billion higher than it’s ever been since WalletHub started tracking credit card debt.

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In an article titled, "Americans Skyrocketing Credit Card Debt" by CBS News Money Watch, credit card debt is ballooning, leaving American households with a new increase of $57.1 billion in new credit card debt in 2014 (according to a new survey from CardHub). The credit card comparison site said it is forecasting new credit card debt will., suggested consumer credit card debt would rise by $70 billion in 2015. That’s more than the expected rise of $60 billion in credit card debt in 2014 and a clear indication that a return.

Indeed, credit card debt has surged in the last two years, CardHub found. Last year’s $57.1 billion in new card debt is a jump of 47 percent compared with 2013 and a 55 percent leap from 2012.

The top five include four of the biggest sources of complaints: Chase, Capital One, Citigroup and BofA, according to Card Hub. Despite collecting. s 19 largest banks sell about $37 billion a year.

The U.S. economy may be strengthening, but by one measure Americans are flunking the basics of personal finance. Credit card debt is ballooning, leaving American households with a net increase of $57.1 billion in new credit card debt in 2014, according to a new survey from CardHub.