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U.S. credit card debt is soaring in this ongoing era of Joe Biden’s disastrous economy, bringing us yet one more metric showing just how bad Joe Biden is guiding the nation.

“U.S. consumer credit card debt has jumped to nearly $1 trillion, the Federal Reserve Bank of New York said on Thursday,” wrote ABC News.

“Credit card balances increased more than $60 billion over the three months ending in December, lifting the total amount of U.S. credit card debt to an all-time high of $986 billion,” ABC added.

The debt hike shows that more Americans are resorting to putting purchases on credit because they can’t afford weekly expenses.

“The average credit card interest rate offered in the U.S. over the last three months of 2022 stood at 21.6%, according to WalletHub, a jump from about 18% a year prior. An aggressive series of interest rate hikes imposed by the Federal Reserve has caused the jump in credit card rates,” ABC added.

“A lot of people may not have enough income coming in to support day-to-day expenses, so it lands on the credit card. That becomes a very persistent cycle of debt, unfortunately,” said Ted Rossman, a senior analyst at

This is only the latest bit of bad economic news, of course.

It is so bad that more Americans are desperately adding overtime and second jobs to try and make up the difference for the higher prices they are paying in every portion of their daily lives.

The survey from Nov. found that 57% said that they are looking to work overtime or additional shifts, and 38% are looking for a second job. Survey responders with children were more likely to pursue extra hours at their present jobs (64%) and look for additional job opportunities (47%).

Biden is making life worse for every American.

Follow Warner Todd Huston on Facebook at:, or Truth Social @WarnerToddHuston


Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.


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