Americans owe $1.3 trillion in credit card debt as balances pile up

Survey finds 42% of people feel like they’ll have credit card debt until they die Americans collectively owe $1.3 trillion in credit card debt, with the average household carrying more than $11,000 in balances. John Kiernan, managing editor at WalletHub, said people are struggling with credit card debt. A new WalletHub survey found about 2 in 5 people say they expect to have more credit card debt by the end of this year. “And 42 percent of Americans feel like they’ll have credit card debt until they die,” Kiernan said. “So, it’s an expensive thing that’s kind of eating away...