- Before the holiday season even started, U.S. credit card debt stood at $808B on Sept. 30, or the end of Q3, according to the Federal Reserve Bank of New York.
- That's $280B more than the previous high hit in 2008, at the height of the financial crisis that led to the Great Recession.
- "The scary number – $1 trillion – we'll definitely hit in 2018," said Jill Gonzalez, an analyst with WalletHub.
source: Yoel Minkoff, Seeking Alpha
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