# US credit card debt hits $1.26 trillion, late payments rise

2026-08-12T01:51:38+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

NDTV Profit reports that US credit card debt rose to nearly $1.26 trillion in the second quarter, while late payments are increasing as more households struggle to manage their finances. The report describes this as a 'K-shaped' credit crisis, where affluent consumers continue spending while lower-income borrowers fall behind. The widening gap highlights a deepening financial divide in the world's largest economy.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/economy/1-26-trillion-credit-card-debt-shows-two-different-americas-are-emerging-11896798#publisher=newsstand>

Tags: credit card debt, financial divide, household debt, K-shaped recovery, late payments, US economy
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