The United States saw its collective credit card debt surge to over $1 trillion in 2024, with the median debt per household reaching nearly $6,000. This figure is more than double that of Japan, making the U.S. the country with the highest median credit card debt globally.
A recent survey highlights that reducing personal debt is a top financial priority for many Americans in 2025. Encouragingly, the survey also indicates a strong sense of optimism among individuals about their ability to achieve this goal. Despite the significant debt burden, many Americans believe that they can successfully manage and pay down their credit obligations in the coming years.
Reference(s):
cgtn.com
