Americans are carrying a record high amount of credit card debt, totaling nearly $1. 3 trillion, according to a new report released by the Federal Reserve Bank of New York.

The New York Fed's third quarter report for 2026 shows Americans' credit card balances have increased by about $52 billion since 2025 and now stand at around $1. 285 trillion, with debt jumping approximately 62%, or $500 billion, within the last five years.

Credit card debt has continued to rise since reaching $1. 26 trillion in the second quarter of this year.