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yesterday

U.S. Credit Card Debt Climbs to $1.32 Trillion in Q2, Led by Increases in California, Texas and Florida

The latest WalletHub analysis, using TransUnion and Federal Reserve data, shows balances nearing the inflation-adjusted 2008 high.

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. So-called alternative credit cards from financial technology companies can offer you the opportunity to build credit when your options are limited, and they tend to lower or eliminate many barriers along that path. But they aren’t without their potential drawbacks. (AP Photo/Jenny Kane, File)
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Overview

  • U.S. balances rose by $28 billion from the first to the second quarter of 2025, extending a multiyear upswing in revolving debt.
  • California posted the largest quarterly jump at more than $3.5 billion, taking its total above $167 billion.
  • Texas added about $2.6 billion to reach nearly $124 billion, while Florida rose $2.0 billion to roughly $97.4 billion.
  • On a household basis, California averaged $13,847 with an estimated $263 quarterly increase; Florida averaged $12,624 with a $240 rise.
  • Early July readings pointed to a 0.4% year-over-year uptick nationally, while Wyoming saw the smallest quarterly gain at about $46 million.