Borrowers should recognize these early warning signs to address credit card debt before it becomes unmanageable.

Many American's-about half-carry credit card debt from month to month, and about 53 percent of them have been in debt for more than a year.

Americans defaulted on $59 billion in credit card debt and took on an additional $74 billion in credit card debt.

As the cost of living has increased, so has outstanding credit card debt. By the end of December 2024, outstanding credit card balances reached $1.21 trillion, according to Federal Reserve Bank of New York data.

At the moment, U.S. credit card debt jumped by $45 billion in the fourth quarter to $1.21 trillion, according to the Federal Reserve, as reported by Forbes.com. While the central bank did not provide a breakdown,