According to the federal reserve the total outstanding credit card debt carried by americans reached a record 951 billion in 2008 a number that will only climb higher as more and more people reach for the plastic to make ends meet whats more roughly a third of that is debt held by risky borrowers with low credit ratings. According to the feds latest consumer credit report the amount of revolving consumer debt which is primarily made up of credit cards fell below 1 trillion in may 2020 for the first time since. Credit card is a journey on a road most traveled a must read for those in debt those overwhelmed by debt and those wanting to avoid consumer debt credit card a personal debt crisis is a relief valve for the consumer debt bubble in our future. Americans have more credit card debt than ever and a major critical point may not be too far away tuckerfox news channel fnc is a 24 hour all encompassin