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Business briefing · Wednesday, November 11, 2026 · Daily edition · Story 5 of 5
Credit card debt reaches record $1.29 trillion
Credit card debt has climbed to a record level, according to New York Fed research. High prices are causing households to rely more on credit cards to manage their budgets.
Why it matters: This trend highlights the financial pressure on consumers due to rising costs.
Sources: CNBC
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