$1,351.1B
2026 (latest)
CREDIT CARD DEBT
billions of dollars, year-end · 1968–2026
$2.0B
1968
$1,351.1B
peak · 2026
$2.0B
low · 1968
+67455%
since 1968
2026 SO FAR · THROUGH JUNE 2026
$1,351.1Brevolving credit, June 2026+$26.8B since December 2025
Revolving credit keeps setting nominal records: $1,351 billion in June 2026, up about $27 billion since December. The NY Fed's Q1 2026 household report — a different measure, from Equifax credit files — puts credit card balances at $1.25 trillion (down $25 billion on the quarter) within $18.8 trillion of total household debt.
Revolving consumer credit — overwhelmingly credit card balances — tells the story of every American economic shock. It crossed $1 trillion in 2007, was deleveraged for a decade after the financial crisis, collapsed during 2020's stimulus-and-stay-home year, then climbed to new nominal highs as inflation and spending returned. These are nominal dollars; adjust for inflation and today's level is close to 2008's peak, spread over many more people.
| Year | Revolving Consumer Credit | YoY |
|---|---|---|
| 1968 | $2.0B | — |
| 1969 | $3.6B | +80.0% |
| 1970 | $5.0B | +38.9% |
| 1971 | $8.2B | +64.0% |
| 1972 | $9.4B | +14.6% |
| 1973 | $11.3B | +20.2% |
| 1974 | $13.2B | +16.8% |
| 1975 | $14.5B | +9.8% |
| 1976 | $16.5B | +13.8% |
| 1977 | $37.4B | +126.7% |
| 1978 | $45.7B | +22.2% |
| 1979 | $53.6B | +17.3% |
| 1980 | $55.0B | +2.6% |
| 1981 | $60.9B | +10.7% |
| 1982 | $66.3B | +8.9% |
| 1983 | $79.0B | +19.2% |
| 1984 | $100.4B | +27.1% |
| 1985 | $124.5B | +24.0% |
| 1986 | $141.1B | +13.3% |
| 1987 | $160.9B | +14.0% |
| 1988 | $184.6B | +14.7% |
| 1989 | $211.2B | +14.4% |
| 1990 | $238.6B | +13.0% |
| 1991 | $263.8B | +10.6% |
| 1992 | $278.4B | +5.5% |
| 1993 | $309.9B | +11.3% |
| 1994 | $365.6B | +18.0% |
| 1995 | $443.9B | +21.4% |
| 1996 | $507.5B | +14.3% |
| 1997 | $540.0B | +6.4% |
| 1998 | $581.4B | +7.7% |
| 1999 | $610.7B | +5.0% |
| 2000 | $682.6B | +11.8% |
| 2001 | $714.8B | +4.7% |
| 2002 | $750.9B | +5.1% |
| 2003 | $768.3B | +2.3% |
| 2004 | $799.6B | +4.1% |
| 2005 | $829.5B | +3.7% |
| 2006 | $923.9B | +11.4% |
| 2007 | $1,001.6B | +8.4% |
| 2008 | $1,004.0B | +0.2% |
| 2009 | $916.1B | −8.8% |
| 2010 | $839.1B | −8.4% |
| 2011 | $840.2B | +0.1% |
| 2012 | $840.0B | −0.0% |
| 2013 | $854.1B | +1.7% |
| 2014 | $887.4B | +3.9% |
| 2015 | $898.1B | +1.2% |
| 2016 | $960.1B | +6.9% |
| 2017 | $1,016.8B | +5.9% |
| 2018 | $1,053.8B | +3.6% |
| 2019 | $1,092.0B | +3.6% |
| 2020 | $954.6B | −12.6% |
| 2021 | $1,033.5B | +8.3% |
| 2022 | $1,192.6B | +15.4% |
| 2023 | $1,298.9B | +8.9% |
| 2024 | $1,297.0B | −0.1% |
| 2025 | $1,324.3B | +2.1% |
| 2026 | $1,351.1B | +2.0% |
Source. FRED REVOLSL. Fed G.19 revolving credit (overwhelmingly credit cards), nominal; current year shows latest month. FRED serves millions; converted to billions. Series page: https://fred.stlouisfed.org/series/REVOLSL