Americans’ Credit Card Debt Hits $1.13 Trillion. Delinquencies Jump

Americans scored a new record for outstanding credit card debt in Q4, when total open card accounts likewise reached a new all-time high. That's according to the latest vintage of the New York Fed's household debt report, released on Tuesday. Credit card balances rose nearly 5% in the fourth quarter versus Q3 and more than 14.5% YoY, hitting a truly "impressive" $1.13 trillion in the process. The aggregate number of open accounts neared 600 million. As a reminder: That count isn't de-duplic